House Speaker Nancy Pelosi announced in a letter that the US House would vote today on a bill to ban imports of Russian oil and energy products.
According to Pelosi, the bill contains "three major provisions that will further isolate Russia from the global economy and leave it weaker in every way."
She went on to list the components:
- "The bill will ban the import of Russian oil and energy products into the United States."
- "The bill will take steps to review Russia’s access to the World Trade Organization and explore how we can further diminish Russia in the global economy."
- "The bill will reauthorize and strengthen the Global Magnitsky Human Rights Accountability Act so that the United States can impose further sanctions on Russia."
The US will make the move unilaterally, without its European allies, due to disagreement among European nations about whether to ban Russian energy imports. EU countries have significantly more exposure to Russian energy than the US.