The president of the United States,
Joe Biden
, has asked the Congress of that country
to give Russia the same consideration in terms of trade as Cuba and North Korea
.
Not even Iran, which until the invasion of Ukraine was the country with the most economic sanctions in the world - a position that Russia has taken from it - will be in a similar situation if the US legislature agrees to the president's request.
Furthermore, and on a more symbolic level than anything else,
Biden has banned imports of Russian caviar, vodka, seafood and diamonds.
The toughest measure is the
change of the trade regime
.
Biden wants Russia to lose the status of 'most favored nation', which opens the door for
Russian goods that are not subject to sanctions to
have, at least in theory,
much higher tariffs than
those applied to other countries.
Canada already made a similar decision last week.
In any case,
only 5% of Russian exports go to the US.
Moscow's main trading partner is the EU, which accounts for a third of Russian sales abroad.
Brussels has declared that it is considering adopting a measure similar
to that of Washington but for the moment it has not done so.
In a televised intervention from the White House, Biden has also announced that the G7 countries will work to
close Russia any source of financing
from international financial institutions such as the
International Monetary Fund (IMF)
and the
World Bank (WB).
"
Putin is the aggressor and he must pay the price for it
. He cannot continue to take actions that threaten the foundations of international peace and stability and then ask for financial help from the international community," said the US president, in statements collected by EFE.
Despite having been announced by Biden, the withdrawal of the so-called "Most Favored Nation" deal to Russia must be
approved by the US Congress
, something that is expected to go ahead without problem
with both Democratic and Republican support.
This is one of the fundamental principles of international trade that the
World Trade Organization (WTO)
watches over , and Ukraine and Canada have already withdrawn it from Russia.
According to the White House, the rest of the member countries of the G7 and the European Union (EU) will also follow the same steps.
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