Tariffs on Russian goods from the US, the EU, and G7 countries will add more pressure to the country's already strained economy.
US President Joe Biden answers questions after delivering remarks about Russia's military invasion of Ukraine on February 24, 2022. Drew Angerer/Getty ImagesRevoking MFN status would enable the countries to slap tariffs on Russian goods.
Revoking Russia's status would allow the US and its allies to slap tariffs on Russian goods, potentially opening up an avenue to apply more pressure to the country's already strained economy.
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