Congress will draft legislation suspending trade relations with Russia and banning energy imports

In a significant statement, four top lawmakers — the Democratic and Republican leaders of the House Ways and Means Committee and the Senate Finance Committee — said they would require the US trade representative to try to suspend Russia’s participation in the World Trade Organization and would provide President Joe Biden the power to restore trade relations subject to certain conditions and congressional disapproval.

They also said they had agreed to strike a deal banning the import of “energy products” from Russia. The letter was signed by Massachusetts Democratic Rep. Richard Neal, Texas GOP Rep. Kevin Brady, Oregon Democratic Sen. Ron Wyden and Republican Sen. Mike Crapo of Idaho.

“Taking these actions will send a clear message to Putin that his war is unacceptable and the United States stands firmly with our NATO allies,” wrote the four lawmakers. “While Congress needs to do more, as the congressional leaders with jurisdiction over our nation’s trade policy, we are committed to using the tools at our disposal to stop Russia’s unconscionable and unjust war on Ukraine and to hold Belarus accountable for its involvement.”

CNN’s Phil Mattingly and Betsy Klein contributed to this report.