Following the unprovoked and brutal invasion of Ukraine by the Russian Federation, international condemnation has resulted in sanctions especially by the U.S., the E.U. and other G7 nations. Collectively the G7 represents 50 percent of the global economy.  Action that has been taken includes:

• Revoking permanent normal trade relations for Russia to be approved by Congress

• A proposal to deny Russia the benefits of World Trade Organization membership

• Sequestering Russia from financing by the International Monetary Fund of the World Bank and other funding institutions

• A U.S. ban on imports of seafood, spirits, and diamonds from Russia with the possibility of additional items that will be the subject of subsequent Executive Orders

• Banning importation of oil and nuclear fuel or other energy sources from Russia