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Biden Announces Plan To Revoke PNTR And More Import Sanctions

WHITE HOUSE

Biden: 'I've just spoken for sometime with President Zelensky of Ukraine... Allies and partners continue to work in lockstep.'

  • Biden continued: 'NATO allies and G7 allies, as well as the EU, now announce several additional steps to counter Russian aggression.'
  • Biden: 'Each of our nations will take steps to remove Russia's 'most favoured nation' designation. In the United States we call this PNTR. Revoking PNTR will make it more difficult for Russia to do business.'
  • Biden: 'I look forward to signing into law the bill revoking PNTR.'
  • The US is also taking measures to ban imports from key sectors of the Russian economy include. 'seafoods, vodka, and diamonds, and the G7 will seek to deny Russia the ability to borrow for key international financial institutions like the IMF and the World Bank.'
  • Biden: 'We are adding more names to our list of sanctioned oligarchs.'
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