**US Spending Bill to Block Russian Oil Imports**
**Summary**
The United States is poised to pass a spending bill that will ban imports of Russian oil and other energy products. The bill, which has bipartisan support, is part of a larger effort to punish Russia for its invasion of Ukraine.
**Details**
The spending bill, known as the Consolidated Appropriations Act, 2024, includes a provision that would prohibit the importation of Russian crude oil, liquefied natural gas, and other petroleum products into the United States. The ban would take effect 45 days after the bill is signed into law.
The bill also includes $13.6 billion in humanitarian and military assistance for Ukraine. This funding will be used to provide food, shelter, and medical care to Ukrainian refugees, as well as to support the Ukrainian military.
**Impact**
The ban on Russian oil imports is expected to have a significant impact on the global economy. Russia is one of the world’s largest oil producers, and its exports account for about 10% of global supply. The ban is likely to lead to higher oil prices, which will increase costs for businesses and consumers.
The ban is also likely to have a negative impact on the Russian economy. Russian oil exports are a major source of revenue for the Russian government, and the ban is expected to reduce Russia’s income by billions of dollars per year.
**Reaction**
The Russian government has condemned the ban on oil imports, calling it an act of war. The Russian Foreign Ministry said in a statement that the ban is .
