US tightens sanctions, removes Russia from trade-friendly list

The United States has imposed more sanctions on Russia over its occupation of Ukraine. U.S. President Joe Biden has made it clear that he is not at war directly with Russia. The United States has said it will exclude Russia from its trade-friendly list. The United States has banned the import of vodka, diamonds and seafood from Russia.

The United States has informed the European Union of its decision to remove Russia from its list of trade friendly countries. The United States has said it will continue to push for more pressure on the Russian economy. We have recently decided to remove Russia from the list of trade friendly countries. Biden said this would not be the last warning for Russia. But the US president rejected the propaganda that the US would go to war directly with Russia.

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Russia has responded to US and European countries continuing to announce sanctions. Russia has banned the export of more than 200 foreign-made goods in the past day. Exports of cars, telecom, technology and agricultural products previously imported into Russia from other countries will be banned until the end of this year.

Exports of timber to countries that have resorted to non-friendly measures with Russia will also be banned. This is part of a series of measures to reduce the impact of Western sanctions. This will affect exports to 48 countries, including the US and EU countries.

The embargo was imposed to prevent the re-export of previously imported products so as not to create a shortage in Russia’s domestic market rather than put pressure on other countries.

Steel and fertilizer factories and paper mills in Europe began to close as inflation rose in the energy sector due to Western sanctions. The sharp rise in prices was due to lower supplies of oil and natural gas from Russia and Ukraine, and the US refusing to buy them from Russia.

Story Highlights: Biden revokes Russia’s favoured nation trading status