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US, EU, G7 to strip Russia of favored trade status.

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U.S. President Joe Biden has stated that the U.S., the EU and G7 will strip Russia of its permanent normal trade status, allowing the countries to raise tariffs on Russian goods. Biden also said that the U.S.and G7 would seek to deny Russia the ability to borrow funds from “leading multilateral institutions” such as the International Monetary Fund and World Bank.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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Liberated in 2022, Kherson is still under daily attack from Russian forces across the Dnipro River. The Kyiv Independent’s Francis Farrell and Olena Zashko report from a city living under anti-drone nets and constant surveillance, showing how everyday life, from hospitals and schools to aid deliveries and cultural events, continues under threat, and why residents refuse to leave.

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