Biden Says US Will Move to End Normal Trade Relations With Russia, Ban More Imports
Summary from AllSides News Team
President Joe Biden said Friday that the U.S. and allies will move to revoke Russia's "most favored nation" trade status and end normal trade relations with the country amid its invasion of Ukraine.
In the announcement, Biden said Russian President Vladimir Putin "must pay the price" and "cannot pursue a war that threatens the very foundations of international peace and stability, and then ask for financial help from the international community." The U.S. will also ban Russian imports of seafood, vodka, and diamonds; end exports of luxury goods to Russia; and increase the list of Russian individuals to be sanctioned. Biden said Canada, France, Germany, Italy, Japan, the United Kingdom, and the European Union also signed off on the announcement. A "most-favored-nation status" designation means that two countries have agreed to trade relations that prioritize low tariffs and maximum imports. The new measures add to the U.S. efforts to punish Putin, the Russian government and wealthy Russians with ties to his regime for the invasion.
The news was covered similarly and prominently across the political spectrum.
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From the LeftU.S. moves to end normal trade relations with Russia
The U.S. is moving to revoke Russia's "most favored nation" trade status in what President Biden called Friday "another crushing blow" against the country over its invasion of Ukraine.
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Biden said House Speaker Nancy Pelosi had agreed to wait to move forward on revoking normal trade relations with Russia until he "could line...
From the LeftBiden announces U.S. will move to revoke Russia's "most favored nation" trade status
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From the RightBiden Calls for End to Normal Trade Relations With Russia
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Biden says the move to end normal trade relations with Russia was done in coordination with Canada, France, Germany, Italy, Japan, the United Kingdom, and the European...