US President Joe Biden has imposed a ban on Russian oil and gas.
And the UK announced it will phase out imports of Russian oil by the end of the year.
Before those measures were announced, Russia warned of ‘catastrophic’ consequences for the global economy.
The U.S. and its allies have agreed to release 60 million barrels of oil reserves to help offset any shortages…
But what are the consequences for the rest of the world?
Presenter: Adrian Finighan
Ben Cahill, a senior Fellow, Energy Security and Climate Change Program, Center for Strategic and International Studies (CSIS).
Cornelia Meyer, economist and CEO of the consulting firm, Meyer Resources.
Leonid Savin, Chief editor of Geopolitica.ru and a political analyst.
#US #Russia #Ukraine