War in Ukraine
The Washington PostDemocracy Dies in Darkness

Top Democrats, Republicans say they have deal to ban Russian energy imports as U.S. stock markets sell off sharply

The agreement, reached between leaders on House and Senate tax committees, would still need to be approved by the full House and Senate

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Updated March 7, 2022 at 4:34 p.m. EST|Published March 7, 2022 at 11:09 a.m. EST
House Speaker Nancy Pelosi (D-Calif.) arrives to speak at her weekly news conference on Capitol Hill on March 3. (Jabin Botsford/The Washington Post)
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Senior congressional Democrats and Republicans on Monday announced they had reached a deal on a bill that would punish Russia for invading Ukraine, as they seek to ban U.S. imports of Russian oil while further empowering President Biden to impose tariffs on the country’s products.

The announcement evinced the vast and fast-moving flurry of legislative activity on Capitol Hill, where lawmakers have looked to couple their penalties on the Kremlin with a related push to bolster Ukraine with billions of dollars in humanitarian, military and economic assistance.