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The Daily

Will Banning Russian Oil Hurt Russia, or the U.S.?

Mar 9, 2022
Clifford Krauss, the National energy business correspondent for The New York Times, dives into the implications of President Biden's ban on Russian oil imports. He discusses how this move is designed to strike at Putin’s war machine while evaluating its potential to drive U.S. gas prices higher amidst existing inflation. Krauss also highlights challenges for European nations in taking similar actions and explores how Russia might pivot to oil markets in China and India, raising concerns about the broader economic fallout for American consumers.
22:59

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