US Bans Imports of Russian Seafood, Spirits and Non-industrial Diamonds; Biden Endorses Ending MFN
President Biden issued an executive order March 11 that bans imports of Russian seafood, spirits and non-industrial diamonds. A fact sheet from the White House said the action "will deny Russia more than $1 billion in export revenues and ensure U.S. citizens are not underwriting Putin’s war" and that the U.S. "retains the authority to impose additional import bans as appropriate."
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Biden also said he will sign a bill ending normal trading relations with Russia once Congress sends it to him and that other G7 nations will no longer provide Russia with most favored nation tariffs.