Friday, February 25, 2022

FYI pt 2

 


ENERGY Oil prices take breather as Russia advances further on Ukraine


"In response to the invasion, U.S. President Joe Biden hit Russia with a wave of sanctions on Thursday, measures that impede Russia’s ability to do business in major currencies along with sanctions against banks and state-owned enterprises.

Britain, Japan, Canada, Australia and the European Union also unveiled sanctions, including a move by Germany to halt certification of an $11 billion Russian gas pipeline.

However, Russia will not have its oil and gas flows specifically targeted by sanctions, a U.S. official said. The country is the world’s second-largest crude producer and a major natural gas provider to Europe."


"Sure sounds "crippling" to me Joe...

That's sarcasm BTW..."

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