Biden Banning On Imports Of Russian Vodka, Seafood, And Diamonds, To Revoke Favored Nation Status

On Friday, President Joe Biden announced a new wave of sanctions intended to “hold Russia accountable” in response to President Vladimir Putin’s military invasion of Ukraine.

The economic measures will target the property of Russian oligarchs as well as ban various Russian exports such as luxury goods. With approval from the U.S. Congress, Biden will also suspend normal trading status with Russia, by revoking its most favored nation status, in coordination with other allies.