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 About time: Congress votes to revoke Russia’s ‘most favored nation’ trade status, sends bill to Biden

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About time: Congress votes to revoke Russia’s ‘most favored nation’ trade status, sends bill to Biden Vide
PostSubject: About time: Congress votes to revoke Russia’s ‘most favored nation’ trade status, sends bill to Biden   About time: Congress votes to revoke Russia’s ‘most favored nation’ trade status, sends bill to Biden Icon_minitimeThu Apr 07, 2022 10:40 pm
Congress voted to revoke Russia’s “most favored nation” trade status, an economic downgrade that allows steeper tariffs on Moscow over its invasion of Ukraine.
The bill is a formal step to sever normal economic ties with Russia. The measure now goes to President Joe Biden for signature into law.
Separately, Congress voted codify a promise Biden made to ban the import of Russian oil and other petroleum products.
European Union envoys are set to approve on Thursday an embargo on Russian coal, though the timing of the phase-in period remained a matter of debate.

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.https://www.cnbc.com/2022/04/07/senate-votes-to-strip-russia-of-most-favored-nation-trade-status.html

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About time: Congress votes to revoke Russia’s ‘most favored nation’ trade status, sends bill to Biden

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