Live Update 
From the Liveblog of
Friday, March 11, 2022
From the Liveblog of
Friday, March 11, 2022
Russia to lose favored trade status with US
Add ToI as a Preferred Source on GoogleUS President Joe Biden will announce Friday that, along with the European Union and the Group of Seven countries, the US will move to revoke “most favored nation” trade status for Russia over its invasion of Ukraine.
That’s according to a source familiar with the matter who spoke on the condition of anonymity to preview the announcement.
Biden’s move comes as bipartisan pressure has been building in Washington to revoke what is formally known as “permanent normal trade relations” with Russia.
The move would allow the US and allies to impose tariffs on Russian imports.
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