US suspends ‘normal trade ties’ with Russia over Ukraine invasion, bans oil import
While Russian oil makes up only a small part of US imports, it carries a high price for lawmakers in Congress who viewed the ban as a moral test in blocking an economic lifeline for Putin's regime.
Apr 07, 2022, 23:24 PM IST
US to revoke Russia's 'most favoured nation' trade status over Ukraine invasion
The move would hold Russian President Vladimir Putin "even more accountable for his aggression against Ukraine," said Biden. "Each of our nations will take steps to deny `most favoured nation` status to Russia," added US President.
Mar 11, 2022, 23:21 PM IST
