Transcripts for FOXNEWS Fox News Live 20220312 07:18:00 : co

Transcripts for FOXNEWS Fox News Live 20220312 07:18:00

the u.s. and other countries will move to end normal trade relations with russia in an attempt to further hurt russia's economy. with us now, white house correspondent kevin corke with the very latest on this. kevin, good morning to you. morning. you trace president biden and the u.s. allies revoking russia's most favored nation trade status and yet another blow to the russian economy. now what this means is items like, say, imported seafood, vodka and diamonds from russia would all now be sanctioned. it's just the latest in a series of economic measures against russia that , by the way, include an oil ban and a tax penalty initiative just announced on friday by senate finance committee chair ron widen. meantime, the white house continues to insist that soaring inflation and gas prices that you're seeing all across the country are not the fault of the bush administration's energy policies. nope, the kremlin's fault through the fact democrats didn't cause this problem.

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