.S. President, Joe Biden, has reviewed to call for an end to normal trade relations with Russia on Friday, following their invasion of Ukraine.
This was as the Senate approved a $1.5 trillion government funding bill with supplemental aid to Ukraine.
According to a source familiar with the matter, the decision would give the White House clearance to increase tariffs on the Kremlin.
The source stated: “Tomorrow President Biden will announce that the U.S., along with the G-7, European Union, will be calling to revoke Most Favored Nation status for Russia, or called permanent normal trade relations, ‘PNTR,’ in the U.S.
“Each country will implement based on its own national processes. President Biden and the administration appreciate the bipartisan leadership of Congress and its calls for the revocation of the PNTR.
“Following the announcement tomorrow, the Admin looks forward to working with Congress on legislation to revoke PNTR.”
A bipartisan group of lawmakers has already publicly voiced support for this move.
However, the government funding bill, which was passed late Thursday, includes $13.6 billion in supplemental aid to Ukraine by a vote of 68-31.
President Joe Biden is expected to receive the legislation for his signature on the bill.
In a statement, White House press secretary, Jen Psaki, thanked leaders for “getting this bill done” and said Biden “looks forward to signing it into law.”
The statement in part read: “With these resources, we will be able to deliver historic support for the Ukrainian people as they defend their country and democracy.”
The supplemental Ukrainian aid is split between defense and non-defense funding.
It was gathered that the $1.5 trillion also includes funding for many of the administration’s priorities as well as sizable amounts for defense spending.