Russia-Ukraine live updates: U.S. and Europe take aim at Russian oil and gas imports

3 yıl önce

The Biden administration announced Tuesday it will ban imports of oil and natural gas from Russia, in one of the United States’ most far-reaching actions yet to penalize Moscow following its invasion of Ukraine.

President Biden acknowledged Americans would see gas prices increase, at a time when average costs have already broken records. The European Commission, meanwhile, presented a plan to cut Russian gas imports by two-thirds this year, and Britain said it will phase out Russian oil.

Coca-Cola, McDonald’s and Starbucks on Tuesday joined the long list of corporations suspending their business in Russia amid mounting public pressure. About 9 percent of McDonald’s’ revenue comes from Russia and Ukraine, according to Bank of America.

Ukraine again accused Russia of shelling evacuation routes meant to allow civilians to flee battle zones, after Russia said its troops would observe a temporary cease-fire amid a deepening humanitarian crisis. Ukraine has rejected Russia’s stated plans for routing evacuees to Belarus and Russia.

Here’s what to know

As many as 4,000 Russian troops may have died since Feb. 24, a senior U.S. military officer said, as Ukraine puts up a fierce fight.Some 2 million Ukrainians have already fled their country since the start of the invasion, according to the United Nations.Senate Minority Leader Mitch McConnell (R-Ky.) said the cost of proposed Ukraine aid package has now risen to $14 billion, more than double what was initially floated by the chamber’s leaders.The energy giant Shell apologized for past purchases of Russian oil and agreed to phase out all involvement with the country’s industry, which accounts for about a tenth of global oil supply.