President Biden bans Russian oil imports

President Biden bans Russian oil imports

US President Joe Biden has banned Russian oil imports, exacerbating the balance of the Russian economy in retaliation for its invasion in Ukraine, Sky News reports. Recent reports reported by the Associated Press media follow the prayers of Ukrainian President Volodymyr Zelensky to cut off imports, which had been a launch of [...]

Recent reports reported by the Associated Press media follow the prayers of Ukrainian President Volodymyr Zelensky to cut imports, which had been an apparent launch by the heavy sanctions package imposed by the West.

Energy exports have maintained a steady flow of money to Russia, despite heavy restrictions in its financial sector, broadcasts Paparaci.

The latest came after Russia threatened to terminate all gas supplies to the West if there is a ban on Russian oil import.

Meanwhile today, Shell said she plans to withdraw from Russian oil and gas and stop all purchases in place of Russian crude oil in response to the Ukrainian country's invasion.

The oil giant has also apologised for buying a low-priced oil charge last week, saying the decision was not “the right”.

 

 

 

 

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