Members of the World Trade Organization (WTO) must respect the “most-favoured nation” status, according to which all countries must be treated equally with regard to trade tariffs.
The European Commission no longer wants this to apply to Russia in response to their invasion of Ukraine. It has evoked a national security exception. Such a measure would allow the EU to apply higher tariffs on Russian imports or to even impose import bans.
At a meeting of the EU Council’s Trade Policy...