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Allies join G7’s WTO stance towards Russia

by Mike Robinson

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© Reuters. FILE PHOTO. Valdis Dombrovskis, Vice President of the European Commission, speaks at a press conference about fiscal guidance from 2023 by the European Commission, held in Brussels on March 2, 2022. REUTERS/Yves Herman

BRUSSELS (Reuters), – The G7 countries are now removing Moscow from its privileged trading treatment in the wake of Russia’s invasion, EU trade chief Valdisdombrovskis stated on Tuesday.

G7 countries announced Friday that they would revoke Russia’s status as “most preferred nation”. This will allow them to impose higher tariffs on Russian imports than other WTO members or ban certain Russian products entirely.

Dombrovskis was vice-president of European Commission and stated that South Korea, Australia (Iceland), New Zealand (North Macedonia), Montenegro, Montenegro), Montenegro, Montenegro, Montenegro, Montenegro, New Zealand, North Macedonia, North Macedonia, North Macedonia, Montenegro, Montenegro, Moldova, Montenegro, Montenegro, New Zealand, North Macedonia, North Macedonia, Montenegro) would not be in MFN status.

Dombrovskis claimed that Russia is now seen as an aggressor in the eyes the world community. The western group also said it would not accept the accession of Russian ally Belarus into the World Trade Organization.

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