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Biden Says US Will Move to Downgrade Russian Trade Status as Attacks Continue
President Joe Biden said the United States, along with other G7 nations and the European Union, would move to revoke normal trade relations with Russia as “Putin continues his merciless assault” on Ukraine. Biden said he spoke with President Zelensky on Friday morning, March 11, as Russia continued its full-scale invasion of Ukraine. Biden said the US would move to strip “most favored nation” trade status for Russia, further strangling the country’s economic arteries and “squeeze Putin.” “As Putin continues his merciless assault, the United States and allies and partners continue to work in lockstep to ramp up the economic pressures on Putin and to further isolate Russia in the global stage,” Biden said from the White House on Friday morning. The president said revoking permanent normal trade relations (PNTR) for Russia “is going to make it harder for Russia to do business with the United States.” The president said Russia would “pay a severe price” if Putin chooses to conduct a chemical weapons attack on Ukraine. Credit: The White House via Storyful
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