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National Council on Foreign Trade urges President Biden and Congress to be cautious about sanctions against Russia
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National Council on Foreign Trade urges President Biden and Congress to be cautious about sanctions against Russia

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The National Council on Foreign Trade (NFTC) urged President Biden and Congress to be cautious about sanctions against Moscow amid the growing tension with Russian-Ukraine situation.

NFTC includes Chevron, General Electric and other large American corporations that do business in Russia.

"The Biden administration and Congress should clarify the details in case they have to follow the threat of sanctions," NFTC chief Jake Colvin told Reuters in an interview.

A US congressional source told the agency that energy companies have contacted US lawmakers directly to ensure that their assets are not confiscated if they are unable to fulfill their business agreements in Russia.

"These details should include exclusions and phasing-out for companies to fulfill existing contracts and obligations, as well as ensuring the supply of vital medicines," Colvin said.

Meanwhile, Rep. Congressman Ted Budd (North Carolina) is concerned about the situation of American citizens on the territory of Ukraine, and addressed a letter to US Secretary of State Anthony Blinken.

"When American citizens are abroad, they deserve the full protection of the United States government. Yet, the Biden administration’s handling of the withdrawal from Afghanistan, leaving Americans behind, was nothing short of disgraceful," Budd said. "I am concerned a similar situation could repeat itself in Ukraine."

The congressman asked Blinken to answer the following questions:

1) "Given Deputy Secretary of State Victoria Nuland's rough estimate that "10 to 15,000" Americans are in Ukraine right now, does the Biden administration know the exact number of citizens who may need to be evacuated?"

2) "If Russia invades Ukraine, does the Biden administration have a plan to evacuate every American in Ukraine who wants to leave?"

Budd concluded, "the "every man on his own" policy is unacceptable to the United States of America."

"When President Biden’s remarks about accepting a “minor incursion” from Russia are taken into account, the American people are rightly concerned about the fate of citizens caught in the middle of this volatile situation," Budd wrote.

Author: Usa Really