On the recordMarch 23, 2022
reserving the right to object. I rise to address Ukraine's perilous situation. There is broad agreement in this Chamber and in the House of Representatives that America's response in all areas to Russia and Belarus's aggression against Ukraine must be comprehensive and strong. Leveraging the benefits of the U.S. trade relationship with Russia is just such a response that will add to the pressures on Putin to rethink his actions in Ukraine and punish him for what he has already done. On March 8, the Democratic and Republican leadership in the Senate Finance Committee and the House Committee on Ways and Means reached an agreement on precisely that type of response. The bicameral, bipartisan agreement is called the Suspending Normal Trade Relations with Russia and Belarus Act, and its provisions include banning Russian energy imports, including various forms of petroleum, natural gas, and coal; moving Russia and Belarus to the same pariah trade status as North Korea and Cuba; providing the President additional authority to raise tariffs on Russia and Belarus even further; calling on WTO members to take similar actions to deprive Russia of its trade benefits; and sending a crystal-clear message to Russia's dictator, Vladimir Putin, that he will never see these trade benefits restored until he reverses his aggression, stops threatening our NATO allies, and recognizes the right of the Ukrainian people to live freely.…





