11/03/2022 (Agence Europe) – The G7 countries, meeting in Berlin on Friday 11 March, agreed to withdraw Russia’s ‘most-favoured nation’ status under World Trade Organization (WTO) rules. This status provides that all countries should be treated equally with regard to trade tariffs. The EU last week announced its intention to do so (see EUROPE B12904A5) and US President Joe Biden announced on Friday that he would do the same. This withdrawal will allow higher trade tariffs to be...