Russia Ukraine News LIVE Updates: Joe Biden will call for an end to regular trade relations with Russia, as well as higher tariffs on Russian imports1 min read
President Joe Biden will call for the suspension of normal commercial ties with Russia on Friday as a result of Russia’s invasion of Ukraine, paving the door for higher taxes on Russian goods. The action is the latest in a series of steps taken by the US and its allies to put pressure on Russian President Vladimir Putin to stop Europe’s biggest war since World War II. President Joe Biden will declare on Friday that the United States, in collaboration with the European Union and the Group of Seven, would take steps to withdraw Russia’s “most favored nation” trade status in response to its invasion of Ukraine. Joe Biden will declare on Friday that the United States will suspend Russia’s “most favored nation” trading status. The action comes as Washington has been under increasing bipartisan criticism for Russia’s invasion of Ukraine. On Thursday, the US House of Representatives passed a $1.5 trillion omnibus budget measure, which included over $14 billion in humanitarian and military aid to Ukraine. “We’re upholding our pledge to defend Ukraine as they battle for their life against the vile Vladimir Putin,” Senate Democrats said.