USTR Hails Lifting of Russia’s Most-Favored-Nation Trade Status
U.S. Trade Representative Katherine Tai praised President Joe Biden’s decision Friday to join with the G7 and the EU to revoke most-favored-nation treatment of Russian products. The actions “further isolate” Russia from the global economy and hold President Vladimir Putin…
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“accountable for his war against Ukraine,” denying Russia the benefits of membership in the World Trade Organization, said Tai Friday. She said “Putin and his government must pay a severe economic and diplomatic price for his invasion of Ukraine, and we will continue to partner with other WTO Members to further isolate and ostracize Russia in multilateral institutions.”