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WASHINGTON, DC – Today, U.S. Senator Sherrod Brown (D-OH) released the statement below following news that the Commerce Department is investigating whether Vladimir Putin’s war in Ukraine prevented Russia to be treated as a market economy.

“I am pleased that the Commerce Department is considering this important step which would put additional pressure on Putin and his oligarch cronies. The The Russian government owns up to 70% of its economy – it’s not a market economy. Putin’s oligarchy should not get the privileges that come with this designation. Remove Russia’s market economy status increase duties on Russian goods and prevent Russia from engaging in unfair trade practices with our allies.

Last week, Brown joined U.S. Senator Rob Portman (R-OH) and a bipartisan group of colleagues to send a letter urging Commerce Secretary Gina Raimondo to reconsider Russia’s status as a market economy under the Antidumping Act (AD) of the Tariff Act of 1930. Although the Commerce Department has classified Russia as a a market economy in 2002, Russia has in recent years retreated towards a less and less free market economy. Today, after its invasion of Ukraine, Moscow has taken further steps to centralize control of the Russian economy. Classifying Russia as a non-market economy would likely increase the anti-dumping duties imposed on Russia in future anti-dumping cases.
You can read the full letter here.