US President Joe Biden has confirmed the country’s complete ban on Russian oil, gas and coal imports.
He says the move means the American people will deal another powerful blow to Putin’s leadership.
Despite mounting fears of rising gas prices, the move has widespread bipartisan political support in the US.
Oil prices have been surging in anticipation of Biden’s announcement – with the price of brent crude, the international benchmark, rising more than five percent, to 130 dollars a barrel.
Political Economist Dr. Dale McKinley is on Zoom to share some insights about this development.
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