Moves by Western nations to cut trade ties with Russia are the subject of the Financial Times front page. The paper reports that the G7 countries have revoked Russia’s status as a “most-favoured nation”, which normally allows it to trade goods on preferential terms. It also reports the US President Joe Biden has warned Russia will pay a “severe price” should it use chemical weapons in Ukraine. A picture shows Ukrainian soldiers operating an artillery gun as the battle against Russian forces continues.