The Impact of Revoking Trade With Russia

The Impact of Revoking Trade With Russia
(Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP)
When nations have preferential trade status, it allows them to trade openly by expanding market access and reducing tariffs. Cutting Russia off from this status will make it difficult for the Kremlin to continue trading necessary goods and commodities with the rest of the free world.
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