<p>The US House of Representatives voted Thursday to suspend Russia's "most favored nation" trade status, tightening the Western chokehold on Moscow's economy over its deadly invasion of Ukraine.</p>.<p>The Senate is expected quickly to rubber-stamp the legislation —-- which also applies to Russian ally Belarus — allowing President Joe Biden to raise tariffs on imports from both nations.</p>.<p>"For weeks members of the Senate, the House and the White House have been working together to draft a strong and effective bill that will increase the pain on Putin's Russia and that our European allies will accept," Senate Majority Leader Chuck Schumer said on the floor.</p>.<p>"To date, both parties, Democrat and Republican, remain united in sending Putin a clear message: his inhumane violence against the Ukrainian people will come at a crippling price, and today's step by the House is another way we are making that come true."</p>.<p>The sanction, which had broad cross-party support with only a handful of no votes, follows the announcement of a US ban on Russian energy imports, as well as extensive sanctions on banks, businesses and oligarchs.</p>.<p>The IMF has predicted that the penalties will see Russia fall into a "deep recession" this year.</p>.<p>The House also voted to direct the US trade representative to use Washington's "voice and influence" to push for Russia and Belarus to be suspended from the World Trade Organization.</p>.<p>The bill gives Biden the authority to restore normal trade relations "if these countries have ceased their acts of aggression against Ukraine and other certain conditions are met."</p>.<p>Schumer said he expected the move to have "broad bipartisan support" in the Senate, vowing to push it through quickly.</p>.<p>The United States currently extends normal trade relations to all but two nations: Cuba and North Korea.</p>.<p><strong>Check out latest DH videos here</strong></p>
<p>The US House of Representatives voted Thursday to suspend Russia's "most favored nation" trade status, tightening the Western chokehold on Moscow's economy over its deadly invasion of Ukraine.</p>.<p>The Senate is expected quickly to rubber-stamp the legislation —-- which also applies to Russian ally Belarus — allowing President Joe Biden to raise tariffs on imports from both nations.</p>.<p>"For weeks members of the Senate, the House and the White House have been working together to draft a strong and effective bill that will increase the pain on Putin's Russia and that our European allies will accept," Senate Majority Leader Chuck Schumer said on the floor.</p>.<p>"To date, both parties, Democrat and Republican, remain united in sending Putin a clear message: his inhumane violence against the Ukrainian people will come at a crippling price, and today's step by the House is another way we are making that come true."</p>.<p>The sanction, which had broad cross-party support with only a handful of no votes, follows the announcement of a US ban on Russian energy imports, as well as extensive sanctions on banks, businesses and oligarchs.</p>.<p>The IMF has predicted that the penalties will see Russia fall into a "deep recession" this year.</p>.<p>The House also voted to direct the US trade representative to use Washington's "voice and influence" to push for Russia and Belarus to be suspended from the World Trade Organization.</p>.<p>The bill gives Biden the authority to restore normal trade relations "if these countries have ceased their acts of aggression against Ukraine and other certain conditions are met."</p>.<p>Schumer said he expected the move to have "broad bipartisan support" in the Senate, vowing to push it through quickly.</p>.<p>The United States currently extends normal trade relations to all but two nations: Cuba and North Korea.</p>.<p><strong>Check out latest DH videos here</strong></p>