Headline Roundup • March 11th, 2022
Biden Says US Will Move to End Normal Trade Relations With Russia, Ban More Imports
Summary from the 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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Al Drago/Bloomberg via Getty Images
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.
Driving the news: "We're going to continue to stand together with our allies in Europe and send unmistakable message. We'll defend every single inch of NATO territory of the full might of the united and galvanized NATO," Biden said.
Biden said House Speaker Nancy Pelosi had agreed to wait to move forward on revoking normal trade relations with Russia until he "could line...
CBS News (Online)
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 to trade with each other under the best possible terms — low tariffs, few barriers to trade and the highest-possible...
(Evelyn Hockstein/Reuters)
President Joe Biden has announced the latest round of sanctions imposed by the United States and its allies against Russia in response to the now weeks-long Russian military campaign in Ukraine.
In an address Friday, Biden said he will sign bipartisan legislation that will revoke Russia’s permanent normal trade relations (PNTR) status with the United States, making it more difficult for Russia to do business with the West.
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...
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