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Keyword: favorednation
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With Ukraine under siege, Biden moves to revoke Russia's trade status
Stepping up the economic pressure on Russian President Vladimir Putin as he continues to attack Ukraine, President Joe Biden announced Friday that in conjunction with other G-7 nations and the European Union, the U.S. will move to revoke "most favored nation" trade status for Russia. "As Putin continues his merciless assault, the United States and allies and partners continue to work in lockstep to ramp up the economic pressures on Putin and to further isolate Russia in the global stage," Biden said from the White House. "Revoking PNTR (permanent normal trade relations) for Russia is gonna make it harder for...
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