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Russian Oil and Gas Loophole Targeted by Lawmakers in New Bill

Victoria Spartz, center, before a State of the Union address by U.S. President Joe Biden at the U.S. Capitol in Washington, D.C., on March 1.
Victoria Spartz, center, before a State of the Union address by U.S. President Joe Biden at the U.S. Capitol in Washington, D.C., on March 1.Photographer: Scott Applewhite/AP Photo/Bloomberg

Members of Congress are looking at more options to cut off U.S. imports of Russian oil and gas as the country’s invasion of Ukraine nears its second week.

Representative Andy Barr, a Kentucky Republican and member of the House Financial Services Committee, said he is introducing legislation that would close a loophole in recently issued sanctions against Russian banks that allow them to conduct transactions related to energy.