Group of wealthy nations plan to revoke benefits and impose heavy tariffs to further isolate Moscow over Ukraine warRussia-Ukraine war: latest updatesWhat we know on day 16Western governments have announced plans to impose punitive tariffs on Russian trade to further isolate Moscow from the global economy after the invasion of Ukraine.In a development aimed at ratcheting up the pressure on Vladimir Putin, the G7 group of wealthy nations said it would strip Russia of “most favoured nation” (MFN) status under World Trade Organization (WTO) rules. Continue reading…
Group of wealthy nations plan to revoke benefits and impose heavy tariffs to further isolate Moscow over Ukraine war
Western governments have announced plans to impose punitive tariffs on Russian trade to further isolate Moscow from the global economy after the invasion of Ukraine.
In a development aimed at ratcheting up the pressure on Vladimir Putin, the G7 group of wealthy nations said it would strip Russia of “most favoured nation” (MFN) status under World Trade Organization (WTO) rules.