* President Joe Biden announced on Friday he will revoke Russia's 'most favored nation' trade status over its invasion of Ukraine
* Move being done in lockstep with G7 to increase financial pressure on Russia
* Revoking the status would allow for increased tariffs on Russian imports as global leaders seek to punish Russia for its invasion of the Ukraine
* 'The United States and our allies and partners continue to work in lockstep to ramp up the economic pressures on Putin and to further isolate Russia and the global stage,' Biden said
* He also reitierated that American troops will not fight in the Ukraine
* Biden said that a 'direct confrontation between NATO and Russia is World War III– something we must strive to prevent'
* Russian luxury goods will be banned, including diamonds, alcohol and seafood
* Biden also banning American luxury goods from Russia, including high end-watches, luxury vehicles, high-end apparel, high-end alcohol, and jewelry
President Joe Biden announced on Friday he will revoke Russia's 'most favored nation' trade status over its invasion of Ukraine and told Vladimir Putin he would pay a 'severe price' if he uses chemical weapons.
The president added to his economic sanctions by banning imports of Russian alcohol, seafood and diamonds in a bid to wipe $1billion in revenue to Moscow and again insisted U.S. troops would not be sent to Ukraine because it could spark 'World War III'.
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MIDDLE EAST
Yemen's Houthis attack Aramco facilities in Saudi Arabia with drones.
EU says 'pause' needed in Iran nuclear deal talks.
Syria facing economic, humanitarian disaster as violence escalates: UN panel.
Lebanon seeks alternative wheat sources, bans some food exports amid war in Ukraine.
Russia-Ukraine war: Turkey begins evacuating Kyiv embassy.
US official warns Israel: ‘Don’t be last haven for dirty money fueling Putin’s war’.
Egypt’s El-Sisi arrives in Saudi Arabia on official visit.
Saudi blogger Raif Badawi released after 10 years in prison.
ASIA
North Korea plans 'monster' missile launch by April: analysts.
Japan, South Korea leaders agree to boost ties with U.S. to tackle North Korea.
India accidentally fires missile into Pakistan.
China: Premier talks about ties with US, Ukraine as national congress ends.
Li Keqiang announces final term of premiership, confident China will meet 2022 growth target.
COVID outbreak prompts China to lock down 9 million people in city of Changchun.
Turkmenistan heads to the polls for father-son transition.
Australia to boost defense forces by one-third by 2040.
AFRICA
Fresh clashes in Sudan's Darfur kill at least 19.
France's Sahel chief says 'no redeployment' to Niger from Mali.
Chad junta and rebels gear for tricky talks in Qatar.
South Sudan to face its worst hunger crisis yet: WFP.
Hundreds killed, widespread abuses in Ethiopia's Afar, Amhara: rights body.
Libya armed groups backing rival PM withdraw from Tripoli.
South Africa asked to mediate in Ukraine war - Ramaphosa.
UN authorization to fight piracy in Somali waters ends.
EUROPE
The EU threatens Russia with even tougher sanctions: Macron warns 'all options are on the table' if Putin presses on with invasion of Ukraine.
Fears grow over Russian chemical threat to Ukraine.
Warsaw overwhelmed as it becomes key refugee destination.
EU leaders in Versailles united on Ukraine, but won't offer fast-track membership.
Germany's Gerhard Schröder meets with Vladimir Putin over Ukraine — reports.
EU leaders won't make exceptions for Ukraine membership.
Russians flee Putin's crackdown as Ukraine invasion reshapes Moscow's future.
War in Ukraine: US condemns reports Russia may seize firms' assets.
Finland considers joining NATO after Russian invasion of Ukraine.
Germany: New daily COVID-19 infections pass 250,000 for first time.
Large drone crashes in Croatia after apparently flying from Ukraine over several NATO countries.
AMERICAS
Biden calls for suspending normal trade relations with Russia and will ban imports of vodka and seafood.
Biden warns Russia will pay a 'severe price' if it uses chemical weapons in Ukraine.
Rising fuel and food costs push US inflation to 7.9%.
Biden to designate Colombia as Major Non-NATO Ally.
Chile's millennial president takes office with big plans for change.
El Salvador orders arrest of former president over killing of six Jesuits in civil war.
TERRORISM/THE LONG WAR
'Islamic State' announces new leader, acknowledges predecessor's death.
Islamic State fighters in Iraq, Africa line up behind new leader.
Rafik Hariri killing: Hezbollah duo convicted of 2005 bombing on appeal.
Suspected jihadists kill dozens in north Mali: sources.
ECONOMY/FINANCE/BUSINESS
Stocks fall again as uncertainty over Ukraine war persists.
G7 nations strip Russia of ‘most favoured nation’ status.
Biden says US, allies to revoke 'most favored nation' trade status for Russia.
UN warns global food prices, already at record high, could surge another 22 percent.
YouTube expands ban on Russian-funded media globally.
Russia restricts Instagram after its parent Meta allows violent threats against military for Ukraine invasion.
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