According to CNN, Russia's status as a "most favored nation" is being under scrutiny:
As a member of the World Trade Organization, Russia is treated as a
most favored nation, which gives it equal access to all of the WTO
members' markets and guarantees equal tariffs.
President Joe Biden announced that the United States, along with the
G7 nations and the European Union, aim to strip Russia of its "most
favored nation" status. Biden can't do this alone, he requires
I am wondering how could Russia maintain this rather favorable status for so long after Crimea annexation, especially when compared to Pakistan's situation which lost it over something arguably less important:
This wouldn't be the first time a country has lost its most favored
nation status. India revoked Pakistan's label following a 2019 bomb
attack that killed 40 Indian paramilitary personnel.
Was the stripping of this status even mentioned as a sanction after the annexation of Crimea or such an action was considered too harsh as an economical sanction?