Biden Calls for Suspending Normal Trade Relations With Russia

The White House via Wikimedia Commons

In the latest move to punish the Russian government for its unprovoked war of aggression against Ukraine, President Biden announced that he plans to revoke normal trade relations with Russia.

Biden also reiterated that the United States would not fight a direct war against Russia. Combined, our two countries have a nuclear arsenal approaching some 13,000 warheads.

The House will vote on legislation to deny ‘most favored nation’ status to Russia. Most favored nation or (MFN) status means the country with said status cannot receive less favorable treatment than any other country with MFN status.

Biden revealed the European Union and G7 are taking the same actions. Canada already revoked Russia’s MFN status last week.

CNBC further reports:

Biden will also sign an executive order to ban U.S. imports of seafood, non-industrial diamonds and vodka and liquors from Russia.

Biden repeatedly singled out Russian President Vladimir Putin, who rules the country as an autocrat.

“Putin is the aggressor,” said Biden. “And Putin must pay the price.”

Congress is expected to vote next week on legislation to revoke Russia’s trade classification within the World Trade Organization (WTO).

Biden needs a majority of the House and Senate to vote to abolish normal trade relations with Russia. But such legislation is expected to pass easily, as CNN’s Kaitlan Collins and Manu Raju note:

CNN reported Thursday that bipartisan talks in the Senate had been taking shape to take more aggressive action on Russia’s trade status — after the White House effectively watered down the House-passed bill banning importing Russian oil, natural gas and coal into the US.

+ posts

ALN Staff is a dedicated group of liberty-minded professionals available 24/7 to keep you informed on the news that matters.

Picture of ALN Staff

ALN Staff

ALN Staff is a dedicated group of liberty-minded professionals available 24/7 to keep you informed on the news that matters.

2 Comments
    Clayton Sibley

    What in the world is the US doing importing coal from Russia anyway, has this country gone totally nuts with not a shred of common since.

    Bobster

    FJB , the clintons, and the barak Oboo boos , their administration, and their gang affiliates !!!

Comments are closed.

SECURITY

FOREIGN AFFAIRS

BUSINESS & ECONOMICS

HEALTH & SCIENCE

At American Liberty News, we eschew the mainstream media’s tightly controlled narrative to provide our readers with real news, real insights, and the means to take action. We seek out insightful coverage – and partner with knowledgeable and experienced people and organizations to bring you the information and insight our readers demand.

 

We humbly seek to provide the tools and information necessary for our readers to decide for themselves what is true and what is right.

American Liberty News ©2024

Evolution Digital Media

1900 Reston Metro Plz

Suite 600

Reston, VA 20190