<p>On Friday, President Joe Biden announced a new wave of sanctions intended to &#8220;hold Russia accountable&#8221; in response to President Vladimir Putin&#8217;s military invasion of Ukraine.</p>
<p>The economic measures will target the property of Russian oligarchs as well as ban various Russian exports such as luxury goods. With approval from the U.S. Congress, Biden will also suspend normal trading status with Russia, by revoking its most favored nation status, in coordination with other allies.</p>
<p>The president also stated that Putin would pay a &#8220;severe price&#8221; if Russia used chemical weapons, though he did not say what the response might be.</p>
<p>On Friday morning, The Daily Wire <a href="https://www.dailywire.com/news/biden-to-announce-future-of-russias-most-favored-nation-status">reported</a> that Biden was expected to announce that the U.S. would revoke Russia’s most favored nation status.</p>
<p>That story was confirmed during a speech in which Biden declared that &#8220;Putin is an aggressor, he is the aggressor. And Putin must pay the price.&#8221;</p>
<p>The extent of the speech was summarized by Sara Cook of CBS News, who tweeted, &#8220;President Biden announces the US, in coordination with the G7 &amp; EU, is revoking PNTR (permanent normal trade relations, aka Most Favored Nation status) for Russia.&#8221;</p>
<p>&#8220;The US is also banning the import of key goods from the Russian economy, including seafood, vodka &amp; diamonds,&#8221; Cook added.</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">JUST IN: President Biden announces he will ban importation of Russian alcohol, seafood and diamonds</p>
<p>&quot;Putin is an aggressor, he is the aggressor. And Putin must pay the price.&quot;</p>
<p>Watch more: <a href="https://t.co/26aS0Iaf5q">https://t.co/26aS0Iaf5q</a> <a href="https://t.co/c3wtpQpfKE">pic.twitter.com/c3wtpQpfKE</a></p>
<p>&mdash; MSNBC (@MSNBC) <a href="https://twitter.com/MSNBC/status/1502312815369068546?ref_src=twsrc%5Etfw">March 11, 2022</a></p></blockquote>
<div class="css-1dbjc4n">
<div class="css-1dbjc4n r-1s2bzr4">
<div id="id__1q477z4wtip" class="css-901oao r-18jsvk2 r-37j5jr r-1blvdjr r-16dba41 r-vrz42v r-bcqeeo r-bnwqim r-qvutc0" dir="auto" lang="en">
<p><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0">&#8220;Most Favored Nation gives all countries with the status equal trade advantages, such as paying lower tariffs,&#8221; she added. &#8220;By stripping this, tariffs on Russian imports would rise — at a time when Russia’s economy is already in free fall.&#8221;</span></p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">Most Favored Nation gives all countries with the status equal trade advantages, such as paying lower tariffs.</p>
<p>By stripping this, tariffs on Russian imports would rise — at a time when Russia’s economy is already in free fall.</p>
<p>&mdash; Sara Cook (@saraecook) <a href="https://twitter.com/saraecook/status/1502309981781204993?ref_src=twsrc%5Etfw">March 11, 2022</a></p></blockquote>
<p>Biden announced that the G7 nations along with the European Union will coordinate their efforts to hamstring Putin and the economic strength and morale of Russia.</p>
<p>&#8220;Each of our nations will take steps to deny &#8216;most favored nation&#8217; status to Russia. A most favored nation status designation means two countries have agreed to trade with each other under the best possible terms &#8212; low tariffs, few barriers to trade and the highest possible imports allowed,&#8221; Biden said.</p>
<p>&#8220;In the United States, we call this permanent normal trade relations, PNTR, but it&#8217;s the same thing,&#8221; he added. &#8220;Revoking PNTR for Russia is going to make it harder for Russia to do business with the United States and doing it in unison with other nations that make up half of the global economy will be another crushing blow to the Russian economy that&#8217;s already suffering very badly from our sanctions.&#8221;</p>
<p>The move requires approval from Congress, but as <a href="https://www.cnn.com/2022/03/10/politics/russia-trade-status-us-g7-eu-biden/index.html">reported</a> by CNN, it is expected that a bipartisan group of elected officials will approve the measure. Biden also added that he asked Speaker of the House Nancy Pelosi to hold off on official legislation until he can officially secure agreements with other nations on the move.</p>
</div>
<p>&#8220;Pres Biden also thanked Pelosi for agreeing to hold off on legislation revoking Russia’s Most Favored Nation status until he lined up allies to join,&#8221; Cook added. &#8220;(Of note since lawmakers were pushing for a Russia oil ban bill w/out waiting for Biden, but he ultimately announced the oil ban)&#8221;</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">Pres Biden also thanked Pelosi for agreeing to hold off on legislation revoking Russia’s Most Favored Nation status until he lined up allies to join.</p>
<p>(Of note since lawmakers were pushing for a Russia oil ban bill w/out waiting for Biden, but he ultimately announced the oil ban)</p>
<p>&mdash; Sara Cook (@saraecook) <a href="https://twitter.com/saraecook/status/1502311957528985604?ref_src=twsrc%5Etfw">March 11, 2022</a></p></blockquote>
<p>The president&#8217;s full speech can be seen here:</p>
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Watch live as I announce actions to continue to hold Russia accountable for its unprovoked and unjustified war on Ukraine. <a href="https://t.co/Z7dw6HcXjC">https://t.co/Z7dw6HcXjC</a></p>
<p>— President Biden (@POTUS) <a href="https://twitter.com/POTUS/status/1502306474462167040?ref_src=twsrc%5Etfw">March 11, 2022</a></p></blockquote>
<p><em><strong>This is a developing story; Please stay tuned for updates.</strong></em></p>
</div>
</div>

<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<script async src="https://www.tiktok.com/embed.js"></script>
<script async src="https://www.instagram.com/embed.js"></script><div data-widget-host="revcontent" data-pub-id="165152" data-widget-id="290588"></div><script src="https://delivery.revcontent.com/165152/290588/widget.js"></script>

Biden Announces Ban On Imports Of Russian Vodka, Seafood, And Diamonds, Moves To Revoke Favored Nation Status

CONTINUE READING

Looks Like Another Biden-Emboldened Islamic Terror Group Is Joining The Fight

‘Totally Inappropriate’: Trump, Others Blast Biden For Giving Palestinians Fresh U.S. Tax Dollars

Biden To Lift Some Venezuelan Sanctions If They Pinky Promise To Hold Free Elections

Where The Hell Is Biden? President AWOL As Americans Killed, Held Hostage In Terrorist Attack

Hillary Clinton Suggests ‘Formal Deprogramming Of The Cult Members’ Of MAGA

Creep State: SEC Investigates Elon Musk’s Twitter Purchase After Biden Said It Was ‘Worth Being Looked At’

News

Joe Biden

Russia

Sanctions

Ukraine

Vladimir Putin

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Evening Wire: Lebanon Ceasefire Begins & Murder-Suicide Rocks VA | 4.16.26

The Pendragon Cycle

Menu

— News —

Biden Announces Ban On Imports Of Russian Vodka, Seafood, And Diamonds, Moves To Revoke Favored Nation Status