/ 09 March 2022

US bans Russian energy imports

Image source: Getty
Image source: Getty

President Joe Biden will stop buying Russian oil, natural gas and coal in protest against the war in Ukraine. In the major announcement this morning, Biden said the move targeted “the main artery of Russia’s economy” and warned that it would lead to more expensive petrol prices and power bills for Americans. The UK will also phase out the importation of Russian oil by the end of 2022, which makes up 8% of UK’s supplies. China’s President Xi Jinping has also weighed in on the war in Ukraine, describing the situation in the country “worrying” and said the priority should be preventing it from “spinning out of control”. It’s rare commentary from the Chinese leader who has previously refused to condemn Russia’s actions after signing a strategic alliance with President Vladimir Putin. And Ukraine President Volodymyr Zelensky has delivered an historic address to the British House of Commons via videolink, asking for Britain to impose a ‘no fly zone’ over Ukraine to stop the Russian bombing attack.

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