The U.S. Department of Commerce said on Nov. 10 that it has removed Russia from its market-economy category in a bid to put pressure on Moscow under the context of bilateral trade, and further isolate the country’s economy.
The department cited increased interference from Russia’s government in its own economy, resulting in price distortions, which is disadvantageous to U.S. businesses. The decision—a retaliatory action by the U.S. government for Russia’s continued aggressions in Ukraine—gives the ability to apply the full force of antidumping laws against imports from Russia.
