Biden Set to Call for Revoking Russia's Favored Trade Status
Headline from NBC New York
President Joe Biden will announce a new set of measures against Russia Friday morning for its launch of an “unprovoked and unjustified war” against Ukraine.
NBC New York's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
President Joe Biden will announce a new set of measures against Russia Friday morning for its launch of an “unprovoked and unjustified war” against Ukraine.
President Joe Biden will announce a new set of measures against Russia Friday morning for its launch of an “unprovoked and unjustified war” against Ukraine.
Major cities in Ukraine -- including Dnipro in the center and Lutsk in the far west of the country -- were attacked by Russian forces Friday, Ukrainian officials said. Follow here for live news updates from on the ground.
The economic restriction, one of several announced in recent weeks, is meant to punish Russian President Vladimir Putin and further hobble Russia's finances as it invades Ukraine.
President Biden on Friday reportedly plans to call for an end to normal trade relations with Russia that will allow for increased tariffs on imports from the country in addition to the crushing sanctions already imposed on Moscow.
President Biden announced Friday that the U.S. will suspend normal trade relations with Russia as part of the ongoing effort to punish President Vladimir Putin for his unprovoked war in Ukraine.
By Steve Holland and Susan Heavey WASHINGTON (Reuters) -President Joe Biden on Friday took new steps along with U.S. allies to punish Russia economically
President Joe Biden announced Friday the U.S. will dramatically downgrade its trade status with Russia as punishment for its invasion of Ukraine and also ban imports of Russian seafood, alcohol and diamonds.
On Friday, President Biden is expected to call for an end to Russia's "Permanent Normal Trade Relations" (PNTR) status, allowing for higher tariffs on goods coming from Russia, several news outlets reported.
The United States will join Europe and other allies in stripping Russia of permanent normal trade relations and take other actions to limit Russian imports and ban luxury exports to the country.
