April 8, 2022 USTFA

US Senate moves to end normal trade with Russia, but seafood ban “unenforceable”

The U.S. Senate voted unanimously on 7 April to end normal trade relations with Russia, at the same time as a hearing of the U.S. House Natural Resources Subcommittee on Water, Oceans, and Wildlife attempted to address what members called an “unenforceable” ban on Russian seafood imports.

The Senate vote, coming in response to Russia’s invasion of Ukraine, effectively gives Russia the same trade status as other “pariah” states like North Korea, and will allow U.S. President Joe Biden to continue tightening trade with the country and allow for tariffs of up to 25 percent on Russian seafood – if and when the recently enacted seafood ban is lifted. The decision by the Senate, which according to ABC News is likely to be supported by the House and later signed by Biden, also impacts Belarus and effectively ends “most-favored nation” trading status between the U.S. and Russia…

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