Will The West Ban Russian Oil Imports?

Patrick Boyle On Finance

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2y ago 13:44

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In Today’s podcast we discuss if the west can place an embargo on Russian energy exports?
Western leaders have threatened Vladimir Putin with sweeping sanctions over his invasion of Ukraine but, they have been clear that they would avoid disrupting energy supplies.
Hitting energy exports is no longer as due to the brutality of Putin’s war and the idea of targeting oil and gas exports is no longer off the table — even if it damages western economies in the process.
Canada - a tiny buyer of Russian energy, has blocked crude imports and in the US, President Joe Biden is under mounting pressure from a diverse coalition of Republicans and Democrats, to ban Russian oil and gas.
How would this affect the global oil markets or impact inflation in the west?
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