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EU Seeks to End Russia’s Most-Favored Nation Status at WTO

  • Russia exports about 95 billion euros of goods to the EU
  • Any exports still going into the EU would be hit with tariffs
Traffic on Tverskaya Street by the State Historical Museum in Moscow, Russia.

Traffic on Tverskaya Street by the State Historical Museum in Moscow, Russia.

Photographer: Andrey Rudakov/Bloomberg
Updated on

The European Union is seeking to remove Russia’s most-favored nation status at the World Trade Organization, a move that could further hit 95 billion euros ($105 billion) of Moscow’s exports to the bloc with tariffs.

The sanctions already imposed by the EU have closed off a significant portion of financial and trade ties with most European companies. Ending most-favored nation status would increase costs via tariffs for any EU companies still doing business with Russia.