Watch Live: Biden announces U.S. will revoke Russia’s “most favored nation” trade status

President Biden is expected to announce on Friday that the United States, the European Union and the G7 are the revocation of Russia’s trade status of the “most favored nation.” get him invasion of Ukraine.

Bipartisan lawmakers are calling for him to repeal the regime, known as “permanent normal trade relations” with Russia, a move that allows the United States and its allies to impose tariffs on Russian imports.

The last days, companies such as Starbucks, McDonald’s, Hilton Worldwide Hotels, Coca-Cola and PepsiCo. have announced changes in their activities in Russia, decisions that the White House says have been taken by companies, independent of the US government.

The Biden government has received reports that Russia is considering seizing the assets of countries that have announced their intention to suspend their activities in Russia, Psaki uploaded to Twitter Thursday night. He said the possible Russian retaliation “would lead to even greater financial pain for Russia” and “sent a clear message to the global business community that Russia is not a safe place to invest and do business.”

Russian forces continue to launch airstrikes across Ukraine, including coastal cities.

World leaders are expected to meet on Friday morning after Russia in a hurry called a meeting of the UN Security Council to discuss in an open debate what it called “the military biological activities on the territory of Ukraine “- with the result that the Biden government immediately denounced it as a” false attempt “.

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How to follow President Biden’s announcement on Russian trade status