US Downgrades Russia to a Non-Market Economy in Bid to Further Isolate Moscow

[Epoch-Times-Bot]

US Downgrades Russia to a Non-Market Economy in Bid to Further Isolate Moscow

The U.S. Department of Commerce announced Thursday that it has removed Russia from its market economy categorization in a bid to place pressure on Moscow under the context of bilateral trade, and further isolate the country's economy.
The Commerce Department's decision cited increased interference from Russia's government in tits own economy, resulting in price distortions, which is disadvantageous to American businesses. The resolution—a retaliatory action by the American government for Russia's continued aggressions in Ukraine—gives the ability to apply the full force of the U.S. antidumping law against imports from Russia.
"Based on a balanced evaluation of facts and in line with U.S. law, this decision will ensure that Commerce's dumping calculations reflect economic realities on the ground and that U.S. industries get the relief from unfair imports that they are entitled to under the law," said the department....

Source: US Downgrades Russia to a Non-Market Economy in Bid to Further Isolate Moscow

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