Russia to lose 'most favoured nation status' over Ukraine - sources

The United States, together with the Group of Seven nations and the European Union, will move on Friday to revoke Russia's "most favoured nation" status over its invasion of Ukraine, multiple people familiar with the situation told Reuters.

Stripping Russia of its favoured nation status paves the way for the United States and its allies to impose tariffs on a wide range of Russian goods, which would ratchet up pressure on an economy already heading into a recession...