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Congress passes bills to suspend trade relations with and ban energy imports from Russia

Congress passed two bipartisan bills on Thursday to punish Russia for invading Ukraine, suspending normal trade relations with the country and banning oil, coal and natural gas from it.

Transcripts for BBCNEWS World Business Report 20220209 05:38:00

to the same period a year ago. this is the company s first full year adjusted profit, since it went public in march 2019. the us has seized more than $3 billion in stolen bitcoin, which were lost in hack on a crypto exchange in 2016. authorities also arrested a married couple, and have charged them with laundering billions of dollars in stolen digital money. the deputy attorney general said the us will not allow cryptocurrency to become a vehicle for criminals to operate without consequences. there could be further disruption to trade between the uk and european union this year if more is not done to improve post brexit border arrangements. that s the warning from a group of uk mps. the cross party public accounts committee says the main impact of brexit on uk firms had been increased costs, paperwork and border delays and it warns things could worsen this year with new import controls. the changes to travel restrictions in the uk come

Transcripts for BBCNEWS BBC News 20220209 09:02:00

hello and welcome to bbc news this morning. a cross party group of mps says the uk s exit from the european union has so far only led to increased costs, paperwork and border problems for businesses. a report from parliament s spending watchdog, the public accounts committee, found costs for businesses had risen and trade had fallen as a result of leaving the eu. the report by the committee also warned there could be further disruption to cross border trade this year, when new import controls come in. the mps say more must be done to improve border arrangements for businesses. they say that brexit has led to increased costs for exporters, more paperwork for businesses, and more border delays. the government says it is continuing to offer help to uk businesses to trade effectively. here s our global trade correspondent, chris morris. the focus on britain s borders continues. this report says trade

Transcripts for BBCNEWS BBC News 20220209 10:02:00

the public accounts committee, found costs for businesses had risen and trade had fallen as a result of leaving the eu. the report also warned there could be further disruption to cross border trade this year, when new import controls come in. the mps say more must be done to improve border arrangements for businesses. they say that brexit has led to increased costs for exporters, more paperwork for businesses, and more border delays. the british government says it is continuing to offer help to uk businesses to trade effectively. here s our global trade correspondent, chris morris. the focus on britain s borders continues. this report says trade volumes have fallen partly because of the impact of covid. the exit from the eu has clearly had an impact and new border arrangements have added costs to business. smaller firms with fewer resources have been hit the hardest. between the delays at the border,

Transcripts for BBCNEWS BBC News 20220209 11:02:00

the report by the commons public accounts committee also warned there could be further disruption to cross border trade this year, when new import controls come in. the mps say more must be done to improve border arrangements for businesses. they say that brexit has led to. increased costs for exporters, more paperwork for businesses, and more border delays. the government says it is continuing to offer help to uk businesses to trade effectively. here s our global trade correspondent, chris morris. the focus on britain s borders continues. this report says trade volumes have fallen partly because of the impact of covid. the exit from the eu has clearly had an impact and new border arrangements have added costs to business. smaller firms with fewer resources have been hit the hardest. between the delays at the border, the extra costs and paperwork,

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