Japan set to revoke Russia's 'most-favored nation' status

[Sherman A1]

The Japanese government is set to revoke Russia's "most-favored nation" trade status as part of additional sanctions over the Russian invasion of Ukraine.

NHK has learned that the government will announce the move on Wednesday following a decision by Prime Minister Kishida Fumio.

US President Joe Biden announced the same measures on Friday, while the leaders of the Group of 7 nations issued a joint statement pledging to move to deny Russia "most-favored nation" status.

The measures mean Russian imports to those countries will be subject to higher tariffs.

https://www3.nhk.or.jp/nhkworld/en/news/20220316_09/

[Budi]

1. A BFD.

Now we need to align other countries in production to level the costs & free flowing availibility of products that Russia once dominated the market.
And yes, that is possible.
Russia's authoritarian murderous gov't should never be allowed to capitalize on its production, when there are many countries who would benefit from claiming that market share, if given the opportunity.

Yes Vlad, it sucks to be stripped of that Favored Nation status & lose your once generous global market position.

[SheltieLover]

2. Good!