President Biden To Ban Imports , of Russian Vodka, Diamonds and Seafood.<br />CNBC reports that on March 11, President Biden issued an executive order halting imports of Russian products, such as diamonds, seafood and alcohol.<br />CNBC reports that on March 11, President Biden issued an executive order halting imports of Russian products, such as diamonds, seafood and alcohol.<br />According to a White House fact sheet, the move will help to ensure that America isn't "underwriting" Putin's war in Ukraine.<br />It will reportedly block over <br />$1 billion in Russian revenues.<br />The order also stops the export of "luxury items" to Russia, such as jewelry, clothes, liquor and vehicles.<br />The order also stops the export of "luxury items" to Russia, such as jewelry, clothes, liquor and vehicles.<br />The White House says these restrictions amount to about $550 million per year.<br />President Biden also said, <br />"they're not the last steps we're taking.".<br />Putin is the aggressor and <br />Putin must pay the price, President Joe Biden, via statement.<br />The president also called on America to rescind Russia's "most favored nation" trading status.<br />CNBC reports the EU and Group of Seven nations are expected to follow suit, which would pave the way for more extreme tariffs
