POLICY

US bans Russian oil and gas

US president Joe Biden signed an executive order to ban Russian oil, natural gas, coal and liquids overnight, while the UK placed a ban on crude alone, in a further ratcheting up of pressure on the Russian economy in response to the country’s invasion of Ukraine.

UK ditches oil, sticks with gas and coal

UK ditches oil, sticks with gas and coal

Last year the US imported some 700,000 barrels of crude per day and petroleum products, with the White House saying in a statement that the ban would deprive Russia of billions of dollars in revenue. ...

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