U.S. President Joe Biden was expected to announce a ban on Russian oil on Tuesday, people familiar with the matter said.
- BusinessOil gains on expectations of U.S. and British ban on Russian crude
Oil prices rose on Tuesday, with Brent surging past $132 a barrel on expectations that the United States and Britain 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.
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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.