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Biden to call for end of normal trade ties with Russia, higher tariffs on Russian imports -sources

Summary by Ground News

Biden will announce Friday that the U.S. will move to revoke most favored nation trade status. That's according to a source familiar with the matter who spoke on the condition of anonymity. Ukrainian President Volodymyr Zelenskyy pressed Biden to take the action over the weekend.

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CBS Local

Biden Announces U.S. Will Move to Revoke Russia's "Most Favored Nation" Trade Status

WASHINGTON (CBS SF) — Pres. Joe Biden on Friday announced that the U.S., European Union and G7 countries are moving to revoke Russia’s “most favored nation” trade status over its invasion of Ukraine. The U.S. will also take steps to ban the import of Russian seafood, diamonds and vodka, he said.“Each of our nations is going to take steps to deny most favored nation status to Russia,” he announced. “A most-favored-nation status designation means …

3 years ago·United States

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Pioneer Press

Russian offensive widens as US imposes new trade sanctions

LVIV, Ukraine (AP) — Russia widened its offensive in Ukraine on Friday, striking airfields in the west and a major industrial city in the east, while the huge armored column that had been sta…

3 years ago·Saint Paul, United States

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The Algemeiner

Biden to Join Allies in Revoking Russia’s Favored Trade Status

U.S. President Joe Biden delivers remarks to the Democratic National Committee (DNC) Winter Meeting in Washington, U.S., March 10, 2022. …

3 years ago·New York, United States

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NDTV

US, Allies To End Normal Trade Relations With Russia

Washington and its allies moved Friday to end normal trade relations with Russia, as President Joe Biden vowed the West would make Vladimir Putin "pay the price" for his invasion of Ukraine.

3 years ago·New Delhi, India

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KTVQ

Biden announces U.S. will move to revoke Russia's "most favored nation" trade status

President Biden announced Friday that the U.S., European Union and G7 countries are moving to revoke Russia's "most favored nation" trade status over its invasion of Ukraine. The U.S. will also take steps to ban the import of Russian seafood, diamonds and vodka, he said."Each of our nations is going to take steps to deny most favored nation status to Russia," he announced. "A most-favored-nation status designation means two countries have agreed…

3 years ago

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Politicus USA

Biden Announces U.S. Will Revoke Russia's “Most Favored Nation” Trade Status

President Joe Biden announced that the United States will revoke Russia's "most favored nation" trade status, one of the foundational precepts of global trade rules and global trade architecture that states that all trading partners must be treated equally.

3 years ago·United States

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