Tag Archives: Sanctions

U.S. Historic Ban on Russian Oil Creates Ripples in The Global Economy

(Autumn Spreademann) Attempting to further sequester Russia’s economy U.S. President Joe Biden announced on March 8 the ban of all Russian oil imports as part of a multi-faceted response to the eastern nation’s military invasion of Ukraine.

While strict sanctions on Russian exports remain a cornerstone of Western efforts to stop President Vladimir Putin’s attack, it comes with a hefty price tag already felt by global consumers.

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