The G7 abolishes Russia’s special trade status
Officially called the “most desirable country”, this status is more favorable to the country that owns it and creates the possibility of preferential deals
The White House on March 11 Russia announced new sanctions against
U.S. President Co Biden he said that, His country has unanimously abolished Russia’s status as a “normal trading partner” with the G7.
Officially called the “most desirable country”, this status is more favorable to the country that owns it and creates the possibility of preferential deals.
The G7 said that, The move is aimed at punishing Putin for attacking Ukraine for no reason.
Speaking from Roosevelt’s office Biden he said that, “free The world has come together to repel Putin. “
Biden as well as said that, partner countries Russia adds new names to oligarchs’ banned lists.
“Luxury goods”
He noted that, expensive watches, cars and The export of American-made luxury goods such as clothing to Russia is banned.
The US President said that, Russia If it launches any chemical weapons attack in Ukraine, Moscow will face tougher sanctions.
Biden USA Ukraine once again ruled out any direct interference in the war.
He said that, NATOdirectly with Russia snowIt would mean “World War III.”
That means abolishing Russia’s trade status that, alcohol and Many Russian exports, including seafood, will be subject to tariffs.
The White House also stated this that, Russia will also be denied access to financial institutions such as the International Monetary Fund.