From Sen. Mark Warner:
WARNER JOINS BIPARTISAN EFFORT TO BAN RUSSIAN ENERGY IMPORTS
~ In the wake of Russia’s unprovoked invasion of Ukraine, this effort would further pressure the Russian economy ~
WASHINGTON – Today, U.S. Sen. Mark Warner (D-VA) joined Joe Manchin (D-WV), Chairman of the Senate Energy and Natural Resources Committee, Lisa Murkowski (R-AK), and a bipartisan group of Senate and House members in introducing the Ban Russian Energy Imports Act, which would prohibit the importation of Russian crude oil, petroleum, petroleum products, liquefied natural gas (LNG) and coal into the United States.
In 2021, the United States imported an average of 670,000 barrels of oil and petroleum products daily, with a high of 848,000 barrels per day in June 2021. Total imports of Russian crude oil and petroleum products were up 24% in 2021 over 2020. The U.S. has also imported Russian LNG and coal despite having some of the largest reserves domestically. The continued importation of Russian energy commodities would only help support Vladimir Putin’s ongoing illegal invasion of Ukraine and his ability to stay in power.
“Since Vladimir Putin launched his unprovoked and illegal invasion of Ukraine, the Biden administration has pulled together an impressive international coalition to impose swift and severe sanctions on Russia. While these measures have already put intense pressure on Russia’s economy, it’s clear more must be done to punish Putin for the tragedies occurring in Ukraine. As Putin continues his vicious assault on the citizens of Ukraine, we should not continue to support Russia’s energy economy by importing these commodities. That’s why I’m proud to support this legislation that would strike at the heart of the Russian economy by banning the importation of Russian oil, natural gas, and coal into the United States,” said Senator Warner, Chairman of the Senate Select Committee on Intelligence.
“The entire world is on edge as Vladimir Putin terrorizes the sovereign democratic nation of Ukraine. The U.S. cannot continue to purchase more than half a million barrels of oil per day because in doing so, we are emboldening Putin to continue using his greatest weapon of war – energy exports,” said Chairman Manchin. “The Ban Russian Energy Imports Act would declare a national emergency with respect to Russian aggression and immediately prohibit the importation of Russian energy products. Importantly, this bipartisan bill shows our strong commitment to stand behind the valiant efforts of the Ukrainian people and the measures our allies in Europe are taking to rebuke Putin and his continued aggression. I urge Leader Schumer to quickly bring this bipartisan bill to the floor and urge my colleagues on both sides of the aisle to support it.”
“The world is watching in shock as Russia wages an unprovoked war on Ukraine, killing innocents as it attempts to destroy a fragile democracy. While the Biden administration has taken noteworthy steps to try to convince Vladimir Putin and his regime to stand down, we need an all-encompassing approach that uses every viable tool at our disposal. By leaving Russia’s energy exports untouched, the United States is ignoring one of our most potent options to stop the bloodshed. We must ban Russia’s energy imports into the U.S. so that Americans aren’t forced to help finance their growing atrocities and halt the Russian aggression. I’m proud to sponsor this bill with Senator Manchin and urge the Senate to pass it immediately,” said Senator Murkowski.
Sens. Warner, Manchin and Murkowski were joined in introducing the legislation by U.S Sens. John Tester (D-MT), Susan Collins (R-ME), Angus King (I-ME), Lindsey Graham (R-SC), Brian Schatz (D-HI), Steve Daines (R-MT), Mazie Hirono (D-HI), Dan Sullivan (R-AK), Mark Kelly (D-AZ), Shelley Moore Capito (R-WV), John Hickenlooper (D-CO), Kevin Cramer (R-ND), Bill Cassidy (R-LA), Richard Blumenthal (D-CT) and Rob Portman (R-OH). U.S. Reps. Brian Fitzpatrick (R-PA-1) and Josh Gottheimer (D-NJ-5) will introduce companion legislation in the U.S. House of Representatives.
The Ban Russian Energy Imports Act would:
· Declare a national emergency specifically with respect to the threat to our national security, foreign policy, and economy that exists as a result of Russian aggression against Ukraine and directs the President to prohibit imports of crude oil, petroleum, petroleum products, LNG, and coal from Russia.
· The President has had the authority to take these actions since 1917; this legislation does not grant additional authority. This approach is modeled on the International Emergency Economic Powers Act.
· The ban would be in place during the national emergency and either the President or Congress would be able to terminate the emergency and the import ban.
· The bill exempts product that is already loaded or in transit at the time of enactment.