By The Washington Post | Published Mar 11, 2022
President Joe Biden is set to call on Congress to end normal trade relations between the United States and Russia, opening the door for the administration to impose new tariffs in response to the Kremlin's invasion of Ukraine.
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Russia is at imminent risk of defaulting on its debts as western economic sanctions choke off its access to dollars and other global currencies to pay lenders, a move that would have devastating economic ripple effects.
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