U.S., Allies To Revoke 'Most Favored Nation' Trade Status For Russia

The video discusses the implications of the US and its allies imposing tariffs on Russian goods by removing Russia's most favored nation trade status. This action, which requires approval from Congress, G7, and European Union leaders, is expected to further impact Russia's economy.

Which international groups are involved in the decision to remove Russia from its trade status?

What are the potential consequences of removing Russia from the 'most favored nation' trade status?