As Russia continues its invasion of Ukraine, world leaders have pushed back to punish Russia. President Biden announced Friday he is working with European Union and G-7 leaders to remove Russia from having Permanent Normal Trade Relations or Most Favored Nation status.
“Revoking PNTR for Russia is going to make it harder for Russia to do business with the United States, and doing it in unison with other nations that make up half of the global economy will be another crushing blow to the Russian economy,” President Biden announced.
Along with the loss of status, Biden also announced he would ban more Russian imports, including seafood, vodka and diamonds.
“Putin is an aggressor, he is the aggressor, and Putin must pay the price,” Biden said.
