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Context: Recently, the United States, the European Union, Britain, Canada and Japan were due to move jointly to revoke Russia’s “most favoured nation” (MFN) status over its invasion of Ukraine.
About ‘Most Favoured Nation’(MFN) status
Benefits of MFN
Procedure for suspending MFN status
What does losing MFN status mean?
Ahead of MFN status removal, the United States had already announced a ban on imports of Russian oil and gas.
By: Shubham Tiwari ProfileResourcesReport error
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