The White House is expected to impose a ban on U.S. imports of oil from Russia as punishment for the invasion of Ukraine, Democratic U.S. Senator Chris Coons said.
- BusinessOil gains on expectations U.S. will ban Russian crude imports
Oil prices rose on Tuesday, with Brent surging past $129 a barrel on expectations that the United States will announce a formal ban on Russian oil imports, stoking supply concerns.
- European MarketsMorning Bid: Collateral damage, article with image
A look at the day ahead in markets from Sujata Rao
- European MarketsWar-fuelled inflation adds to Europe's cost of living crisis
Already struggling with rising living costs, Europeans now face an even deeper hit to their livelihoods as the conflict in Ukraine pushes fuel and food prices higher and threatens to undermine a fragile economic recovery.
Pictures
Ukraine Insight
- For foreign fighters, Ukraine offers purpose, camaraderie and a cause, article with videoUkraine Insight ·
March 8, 2022 · 7:02 AM UTC Michael Ferkol, who once served as a supply specialist with engineer battalions in the U.S. Army, had been in Rome studying archaeology when he heard the Ukrainian president's appeal for foreign fighters.