USTR Hails Lifting of Russia’s Most-Favored-Nation Trade Status

U.S. Trade Representative Katherine Tai praised President Joe Biden’s decision Friday to join with the G7 and the EU to revoke most-favored-nation treatment of Russian products. The actions “further isolate” Russia from the global economy and hold President Vladimir Putin “accountable for his war against Ukraine,” denying Russia the benefits of membership in the World Trade Organization, said Tai Friday. She said “Putin and his government must pay a severe economic and diplomatic price for his invasion of Ukraine, and we will continue to partner with other WTO Members to further isolate and ostracize Russia in multilateral institutions.”