8 Mar 2022

President Biden announces ban on Russian oil and gas imports

Economics Correspondent

The UK and US governments have announced new sanctions on Russian energy.

President Biden announced a ban on Russian oil and gas imports, whilst here the Business Secretary Kwasi Kwarteng promised the UK will phase out imports of Russian oil and oil products by the end of the year

Russia’s deputy prime minister had previously warned such a move would be “catastrophic” for the global economy.