US President Joe Biden announced on the 8th (local time) at the White House in Washington DC that the import of Russian crude oil will be banned. <br>[Image source=Yonhap News]

US President Joe Biden announced on the 8th (local time) at the White House in Washington DC that the import of Russian crude oil will be banned.
[Image source=Yonhap News]

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[Asia Economy Reporter Cho Hyun-ui] On the 9th (local time), the U.S. House of Representatives passed a bill banning imports of Russian oil, liquefied natural gas (LNG), and coal.


CNN reported that "the U.S. House of Representatives passed the bill to ban imports of Russian energy with a bipartisan vote of 414 in favor and 17 against."



The bill also plans to review Russia's role within the World Trade Organization (WTO) and reauthorize the Magnitsky Act, which sanctions foreign government agencies or companies involved in human rights abuses, thereby strengthening sanctions against Russia for human rights violations.


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