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Biden says US and allies will end normal trade relations with Russia

The move would deliver 'another crushing below' to Russia, as it continues its aggression in Ukraine, Biden said

Photo: Bloomberg
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Photo: Bloomberg

Reuters
President Joe Biden said on Friday the G7 industrialized nations will revoke Russia's "most favored nation" trade status, and announced a U.S. ban on Russian seafood, alcohol and diamonds, the latest steps to punish Moscow over its invasion of Ukraine.

The move would deliver "another crushing below" to Russia, as it continues its aggression in Ukraine, Biden said. President Vladimir Putin is an "aggressor, the aggressor," Biden said, and he must "pay a price."

He also said the United States would add new names to a list of Russian oligarchs who are sanctioned, and ban the export of

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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