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Al Jazeera
Al Jazeera
World
Al Jazeera Staff

Biden revokes Russia trading status, bans vodka, diamond imports

United States Russia Ukraine Joe Biden NATO G7 Vladimir Putin
'Direct confrontation between NATO and Russia is World War Three. Something we must strive to prevent,' Biden says [Evelyn Hockstein/Reuters]

The United States and its top allies are revoking Russia’s “most favoured nation” status, President Joe Biden has announced, in a move he said aims to punish the Russian government for its invasion of Ukraine.

The decision, announced on Friday, downgrades Russia’s trading status with the US and allows Washington to impose higher tariffs on Russian products.

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