Reuters
U.S., G7 allies move to deprive Russia of “most favored nation” status-source
The United States, along with a group of seven countries and the European Union, will move on Friday to revoke Russia’s “most favored nation” status against the invasion of Ukraine, several people familiar with the situation told Reuters. President Joe Biden will announce plans at 10:15 EST at 10:15 EST, subject to anonymity, one source said. The White House said Biden would announce “actions to keep Russia liable for its provocative and unjust war against Ukraine,” but did not provide details.