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Ukraine War Live: US to Revoke Russia's 'Most Favoured Nation' Trade Status

Catch all the live updates on the Russia-Ukraine war here.

Updated
World
7 min read
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US President Joe Biden announced on Friday, 11 March, that the United States will revoke Russia's 'permanent normal trade relations' status.

He also said in his speech that direct confrontation between NATO and Russia would trigger World War 3.

Meanwhile, Russian President Vladimir Putin has approved bringing ‘’volunteer’’ fighters from the Middle East for Russia's war on Ukraine.

Russia’s energy ministry said on Thursday that Belarusian specialists had restored power supply to the Chernobyl nuclear plant.

Snapshot
  • Three people, including a child, were killed by a Russian air strike on a Mariupol children’s hospital

  • Facebook has eased rules regarding violent speech to allow statements like "death to Russian invaders"

  • The US has warned that Russia may use chemical weapons in Ukraine

  • 2.5 million people have fled Ukraine since Russia's inasion, the United Nations has said

  • The UAE to encourage OPEC members to increase oil production in light of US ban on Russia oil imports

  • The UK has announced that it will send anti-tank missiles to Ukraine

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10:48 PM , 11 Mar

Direct Confrontation Between NATO, Russia Would Trigger WW3: Biden

US President Joe Biden on Friday underlined that US forces would not fight in Ukraine, despite the desperate pleas of many Ukrainians.

"We will not fight a war against Russia in Ukraine. Direct confrontation between NATO and Russia is World War III -- something we must strive to prevent," Biden said.

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10:04 PM , 11 Mar
KEY EVENT

Putin an Aggressor, Must Pay the Price: Biden

In an address on Friday, Biden called Putin an aggressor and said that he must pay the price for his invasion of Ukraine.

He also said that Russia would pay a 'severe price' if it uses chemical weapons in Ukraine.

10:02 PM , 11 Mar
KEY EVENT

Russia to Lose 'Most Favoured Nation' Trade Status

President Joe Biden announced on Friday that along with the European Union and the Group of Seven countries, the US will revoke “most favoured nation” trade status for Russia over its invasion of Ukraine.

Biden said that the US will downgrade Russian trade status and ban imports of Russian alcohol, seafood and diamonds, reported AP.

8:30 PM , 11 Mar
KEY EVENT

Ukraine War to 'Deeply Destabilise' Food Supply in Europe, Africa: Macron

French President Emmanuel Macron indicated that the Ukraine war will 'deeply destabilise' food supply in Europe and Africa, news agency AFP reported.

Earlier in the day, UN's food agency, the the Food and Agriculture Organization (FAO) had also warned of an imminent rise in food prices around the world, saying that they could surge by around 20 per cent.

"International food and feed prices could rise by between 8% and 20% as a result of the war, triggering a jump in global malnourishment," the agency stated, The Guardian reported.

The warnings have come amidst concerns about Ukraine being unable to harvest crops during an armed conflict, and uncertainty surrounding Russian food exports.

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Published: 11 Mar 2022, 9:04 AM IST
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