01 December 2022,   17:41
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US to ban Russian diamond and vodka imports

US President Joe Biden has announced a ban on imports of Russian diamonds, seafood and vodka in the latest response to Russia’s war in Ukraine, writes BBC.

He also said Western allies plan to revoke Russia’s status as an equal trade partner, paving the way for further economic punishment.

The moves add to sanctions that have isolated Russia economically since the invasion. Its currency has collapsed, while global firms rush to exit the country.

Russian President Vladimir Putin has likened Western sanctions on banks and oligarchs to a declaration of war. Moscow has also threatened to nationalise production plants or factories where work has been suspended.

Mr Biden said the latest steps will be “another crushing blow to the Russian economy”.

In the US, Congress, which must act for the move to go into effect, has already declared itself in favour of the move.

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