Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Yemeni Armed Forces spokesperson Brigadier General Yahya Saree: The missile force carried out a major operation using the Palestine 2 ballistic hypersonic missile, hitting several targets in occupied Yafa.
Sirens sound in large areas of occupied Palestine after a missile launch from Yemen was detected
Al Mayadeen's correspondent: 14 martyrs arrive at al-Shifa Hospital following Israeli massacre of al-Sultan Family north of Gaza.
Qatari PM: We must not surrender to the arrogance of extremists and pursue our quest for a 'two-state solution'
Qatari PM: The only path to peace begins through negotiations and a ceasefire
Qatari PM: We demand that the Security Council assume its historical responsibility, as silence in the face of the law of the jungle undermines international peace and destabilizes the UN system
Qatari PM: The extremists who rule "Israel" do not care about the lives of the "hostages"; otherwise, how can the timing and location of the attack be explained?
Qatari PM: 'Israel's' attack on Hamas leaders in Doha is a violation of Qatar's sovereignty
Qatari PM: The ongoing [Israeli] violations only prove one thing: the Israeli officials' drunkenness on power amid impunity
Yemeni Ministry of Health: The death toll from the Israeli aggression on Sanaa and Al-Jawf Governorate has risen to 46, in addition to 165 injuries, including a large number of women and children, according to a non-final toll

US severs normal trade ties with Russia over Ukraine

  • By Al Mayadeen Net
  • Source: Agencies
  • 7 Apr 2022 22:15
3 Min Read

The United States is still seeking to paralyze the Russian economy despite the measures hurting US citizens more than the Russian economy.

  • x
  • A container ship is shown at the Port of Los Angeles in Los Angeles, California, US November 22, 2021 (Reuters)
    A container ship is shown at the Port of Los Angeles in Los Angeles, California, US November 22, 2021 (Reuters)

The US Congress voted Thursday to sever normal trade relations with Russia and systemize President Biden's ban on Russian oil as pressures and sanctions mount on Moscow over the war in Ukraine.

The legislation also applies to Belarus, a close ally of Russia's, and it enables Washington to hike tariffs on imports, which would make it harder for Russian products to sell in the United States due to the surging prices caused by this policy.

The bill obtained the consensus of the Senate after the Suspending Normal Trade Relations with Russia and Belarus Act passed the House of Representatives with a final vote of 424-8.

Biden announced this plan in a speech he gave in March, and he argued that Russia must "pay the price" for the Ukraine crisis.

"Putin must absolutely be held accountable for the detestable, despicable war crimes he is committing against Ukraine: the images we have seen coming out of that country... are just pure evil," claimed Democrat Senate Majority Leader Chuck Schumer as Russia faces countless accusations that have been refuted over and over again, with Moscow providing evidence that such acts have been committed by Ukraine and it was using them to shift the narrative.

Related News

Trump pledges investigation into George Soros over US riots

Charlie Kirk killing renews debate on death penalty in the US

The bill is among many that are working their way through Congress that serve Washington's goals of "imposing costs" on Russia and Belarus over Moscow's operation in Ukraine.

The measures include legislation pushed through the House Finance Committee earlier on Thursday to exclude Russia from various international organizations and expand sanctions enforcement to foreign subsidiaries of US companies. 

A key principle of the World Trade Organization (WTO) is the most favored nation status, and it requires nations to guarantee reciprocal tariff and regulatory treatment. Russia was a "most favored nation", but its status was revoked following the beginning of the Ukraine war.

The status-quo and the US sanctions on Russia have weakened US citizens' purchasing power, causing fuel prices to soar in the country with US oil prices reaching their all-time high following a ban on Russian fuel exports. Inflation also surged following the move, putting Americans in the eye of the storm of the highest inflation in four decades.

Washington, in a bid at tightening its chokehold on the Russian economy, moved to block foreign investment in Russia and state-owned enterprises and imposed a new batch of sanctions on the country's banks and senior officials.

After the war in Ukraine started, the US and its allies have rolled out comprehensive sanctions, including restrictions on the Russian central bank, export control measures, SWIFT cutoff for select banks, and closure of airspace to all Russian flights. Many of their companies have suspended their Russian operations.

Secretary of State Antony Blinken claimed in an interview with NBC News that global sanctions had put the Russian economy into a "deep recession," though the Russian currency has been appreciating following a set of decisions taken by Moscow, including only selling energy in exchange for Russian rubles.

  • United States
  • Moscow
  • Nato
  • Russia
  • Washington
  • Senate
  • Kiev
  • Ukraine
  • House of Representatives
  • Joe Biden
  • white house
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

The damaged building in the Katara neighborhood, Doha, Qatar, September 9, 2025 (Social media)

Hamas delegation survives Israeli assassination attempt in Qatar

  • Politics
  • 9 Sep 2025
Israeli police and rescue teams respond at the scene of a shooting attack where several people killed and injured in Jerusalem, Monday, Sept. 8, 2025 (AP)

Al-Quds shooting: 7 settlers killed, several critically injured

  • Politics
  • 8 Sep 2025
Pro-"Israel" conservative Charlie Kirk shot during Utah speech

Pro-'Israel' far-right Charlie Kirk shot dead during Utah speech

  • US & Canada
  • 11 Sep 2025
Damage sustained after a Yemeni drone exploded in Ramon Airport, southern occupied Palestine, Sunday, September 7, 2025 (Social Media)

Yemeni drone successfully hits Ramon Airport in southern Palestine

  • Politics
  • 7 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Iranian Secretary of Supreme National Security Council Ali Larijani, waves as he leaves the grave of former Hezbollah Secretary-General Sayyed Hassan Nasrallah, in Beirut, Lebanon, Wednesday, August 13, 2025 (AP)
Politics

Iran’s Larijani urges Islamic nations to act over Gaza crisis

A passerby wearing a keffiyeh walks past a banner reading 'Welcome to the people's university for Palestine' at Oxford University on 7 May 2024 (AFP/Adrian Dennis)
Politics

Universities cut ties with Israeli academia over war on Gaza

The lethal injection table is shown in the execution chamber at the Utah State Correctional Facility after the Taberon Honie execution Thursday, August 8, 2024, in Salt Lake City. (AP Photo/Rick Bowmer, Pool)
Politics

Charlie Kirk killing renews debate on death penalty in the US

A banner depicting US President Donald Trump is seen at the arrival terminal of the Incheon International Airport, in Incheon, South Korea, Friday, September 12, 2025. (AP Photo/Ahn Young-joon)
Politics

South Korea condemns US immigration raid that detained 300 workers

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS