The prospect of a ban on Russian oil and gas sent jitters through energy markets as oil prices hit 13-year highs.
In a letter to Democratic colleagues, Speaker Nancy Pelosi said the U.S. House of Representatives is"exploring strong legislation" to ban imports of Russian oil."Our bill would ban the import of Russian oil and energy products into the United States, repeal normal trade relations with Russia and Belarus, and take the first step to deny Russia access to the World Trade Organization. We would also empower the Executive branch to raise tariffs on Russian imports," she said.
The House will vote on aid to Ukraine this week totaling $10 billion in humanitarian, military and economic support.Joe Raedle | Getty Images The crude oil tanker, Chemtrans Cancale, is seen anchored off shore as it waits to dock at Port Everglades on April 20, 2020 in Fort Lauderdale, Florida.in early trading Sunday evening, as the market continued to react to supply disruptions stemming from the war between Russia and Ukraine and the possibility that the U.S. and its allies and partners could institute a ban on Russian oil and natural gas.
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Japan may take more action vs Russia, could impact energy sector -lawmakerJapan may take more action in response to Russia's invasion of Ukraine which could significantly impact Japan's energy sector, a senior ruling-party lawmaker said on Sunday, while expressing caution toward a complete end to Russia oil and gas usage.
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Russian-Ukraine war: Russia assault halts evacuations for 2nd time, Ukraine official saysA similar ceasefire collapsed Saturday, trapping women, children and older under more shelling and aerial bombardment by Russian forces.
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Shell continues to buy Russian oil after vowing to stop Russia investments'Yesterday we made the difficult decision to purchase a cargo of Russian crude oil,' Shell tweeted.
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Russia attacks Ukraine: UK intelligence calls Russian ground advances ‘minimal’UPDATE: The United Kingdom’s ministry of defense has just released its latest intelligence report, speculating that Russian forces made “minimal ground advances” over the weekend, The Guardian reported.
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Column: All should boycott events in Russia or involve Russian athletesFIFA and IOC need to get on board
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