U.S. President Joe Biden holds a virtual meeting with business leaders and state governors to discuss supply chain problems, particularly addressing semiconductor chips, on the White House campus in Washington, March 9, 2022.
With the invasion now in its third week, the U.S. and its allies prepared to step up their efforts to isolate and sanction Russia. According to media reports, PresidentRussia's most favored trading status. Stripping Russia of its favored nation status paves the way for the United States and its allies to impose tariffs on a wide range of Russian goods. Biden on Tuesday imposed a ban on Russian energy imports.
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