The United States has revoked Russia's market economy status in anti-dumping proceedings, a move that could open doors to tougher trade actions amid tense relations between Moscow and Washington. The Commerce Department said in a statement on November 10 that the decision “gives the United States the ability to apply the full force of the [anti-dumping] law to address the market distortions caused by increasing interference from the Russian government in their economy." The move comes after Western nations imposed unprecedented sanctions on Russia following its invasion of Ukraine. To read the original story from AFP, click here.
U.S. Ends Russia's Market Economy Status In Anti-Dumping Proceedings
The U.S. Commerce Department said the move will enable the United States "to address the market distortions caused by increasing interference from the Russian government in their economy."