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EU Members Back Ending Russia’s WTO Most-Favored-Nation Trade Status

  • Shift enables new tariffs, bans on Russian exports to the EU
  • Most-favored-nation principle requires equal WTO tariff levels

European Union member states broadly backed a proposal Friday to end Russia’s most-favored-nation treatment at the World Trade Organization, opening the door to new tariffs on 95 billion euros ($105 billion) of Moscow’s exports to the trading bloc. 

“There was strong support to work with like-minded countries on a joint statement and a willingness to take appropriate trade measures as an action,” said Miriam Garcia Ferrer, a European Commission spokeswoman. “From an EU perspective, such measures would be adopted on the same procedures as was used to adopt the previous rounds of sanctions.”