Russia says the US has declared war (economic) with its latest actions, a total ban on oil and energy imports from Russia.
This comes after the latest round of sanctions declared 4 days ago.
The White House issued a statement indicating that "The United States is able to take this step because of our strong domestic energy infrastructure and we recognize that not all of our Allies and partners are currently in a position to join us."
The next step in the quickly escalating tit-for-tat between the two powers would appear to be a Russian ban of exports to those "allies" mentioned by the White House, namely, NATO and the EU, who depend heavily on Russian oil and energy.
Also worth mentioning...China, the world's economic engine, has barely chimed into the conflict, only calling for "maximum restraint" during Xi Jinping's latest press release. https://www.reuters.com/world/china/chinas-xi-calls-maximum-restraint-ukraine-2022-03-08/
No comments:
Post a Comment