Russia sanctions create more difficulties for the American people

European Union also announced the suspension commercial regulations permanent normalization with Russia in order to increase the damage to Russia, however, these same measures will also cause damage to the United States and its allies.

So how will the US be affected by the imposition of sanctions against Russia, including the decision to cancel the most favored nation status with Russia?

The first impact is the continuous high gasoline prices in the US in recent years. Regular gasoline price is currently 4.99 USD/gallon, or nearly 30,000 VND/liter – the highest in more than 13 years and shows no sign of decreasing.

Rising oil prices increase inflation, creating more difficulties for the American people. US President Joe Biden has repeatedly reassured people that it is also the sacrifice of American consumers while implementing sanctions against Russia.

The US House of Representatives passed a bill to remove the most-favored-nation trade status with Russia on March 17, with a relatively overwhelming vote, the leader of the majority in the US Senate said, will speed up the passage of the agreement. passed in the Senate, paving the way for the imposition of high tariffs on Russian goods. When both the House and Senate pass it, the new law takes effect and has specific effects for each item.

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