The House, by an overwhelming bipartisan majority—424-8—passed a bill that would strip Russia and its satrap Belarus of Most Favored Nation status. The bill, if passed by the Senate and signed by President Joe Biden (or his veto overridden), would allow us to

raise tariffs on goods from Russia and Belarus and give President Biden power to impose even stricter import taxes on their exports amid the ongoing invasion of Ukraine. …
The bill also sets up strict guidelines for when the president can restore normal trade relations with Russia and Belarus based on the state of the Ukraine war.
The Biden administration will additionally be obligated to push for Russia’s removal from the World Trade Organization and oppose Belarus joining the group, which would subject both to higher tariffs and steeper trade barriers.

Eight Republicans voted against the bill; their concerns centered in part on their push to make President Joe Biden’s Executive Order barring importation of Russian oil statutory by including that in the bill.

The more we pile economic burdens onto Russia over its invasion of Ukraine and the atrocities Putin’s barbarians are perpetrating on Ukrainians, the better. However, we need to keep such moves in perspective: they’ve forced Putin to withdraw zero battalions from Ukraine, and they forced Putin to drop zero fewer bombs, rockets, or missiles on Ukrainian women, children, hospitals, schools,…. Weapons, ammunition, and medicines need to flow freely and rapidly to the Ukrainian military.