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.
WASHINGTON — 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 two countries have agreed to trade with each other under the best possible terms — low tariffs, few barriers to trade and the highest-possible imports allowed.”
The G7 soon after Friday released a statement announcing the multi-nation move, saying they are “united in our determination to hold President Putin and his regime accountable for this unjustified and unprovoked war that has already isolated Russia in the world.”
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Biden will seek to end normal trade relations between U.S. and RussiaThe U.S. is set to announce the move in tandem with the G-7 and the European Union, according to a person familiar with the matter.
Les mer »
Erdogan, Biden discuss Russia-Ukraine conflict over phoneTürkiye will continue with its efforts to achieve a political solution to the Russia-Ukraine conflict, President Recep Tayyip Erdogan told US President Joe Biden over the phone
Les mer »
Putin, McConnell scoff at Biden for blaming gas price hike on RussiaThe White House has dubbed the increase in fuel costs 'Putin's price hike,' but McConnell called that 'laugh-out-loud revisionist history.'
Les mer »
Biden to announce Friday that US will move to revoke 'most favored nation' status for RussiaPresident Joe Biden to announce the US, along with the G7 and EU, will move to revoke permanent normal trade relations with Russia, sources say.
Les mer »
Former Obama adviser: Don't blame Russia, blame Biden for inflation ratesFormer Obama adviser Steven Rattner reacted to the new inflation report on Thursday, urging President Biden to take responsibility for soaring prices instead of pointing fingers at Russian President Vladimir Putin.
Les mer »