Russia Trade Bill Hits Senate Snag Over Inclusion of Oil Ban
- Top Republican seeks to add oil-ban language to trade bill
- Schumer wants to move House-passed bill in Senate this week
This article is for subscribers only.
Negotiations on a bill that would end normal trade relations with Russia, the latest effort to hit Moscow economically following its invasion of Ukraine, have hit a slowdown in the U.S. Senate that threatens to push final passage into next week.
Senate Majority Leader Chuck Schumer said Tuesday he wants the legislation that would revoke Russia’s favored trade status and allow the U.S. to raise tariffs on Russian exports to pass the Senate this week. But that timeline could slip if Democrats can’t cut a deal with Republicans over whether to include a ban on Russian oil imports.