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EU-led WTO group to downgrade Russia’s trade status, paving way for new sanctions

By Joanna Sopinska ( March 9, 2022, 15:20 GMT | Insight) -- A group of like-minded countries led by the EU is working on a joint declaration aimed at stripping Russia of “most-favored nation” status at the World Trade Organization, MLex has learned. The document is likely to be endorsed at a meeting of EU government leaders later this week. They are also expected to endorse the EU's latest economic sanctions against Russia and Belarus.A group of like-minded countries led by the EU is working on a joint declaration aimed at stripping Russia of “most-favored nation” status at the World Trade Organization, MLex has learned. The document is likely to be endorsed at a meeting of EU government leaders later this week....

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