Young Minds - March 11, 2022
Young Minds - March 11, 2022
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In this issue
US and UK ban Russian oil and gas imports
President Joe Biden has banned imports of Russian oil and gas into the US as Washington steps up economic sanctions on Moscow over the invasion of Ukraine in an attempt to deprive it of revenue. The move was matched by a UK phase-out of Russian oil imports, but the EU did not follow suit and instead unveiled a plan to cut Russian gas imports by two-thirds within a year. The ban has come after days of debate within the Biden administration and between the US and western allies about the merits of banning Russian energy to punish President Vladimir Putin for the attack on Ukraine, as well as the risk that it could trigger a new shock to global energy markets. Russia, the world’s largest exporter of crude and petroleum products, had shipped almost 8mn barrels a day to global markets at the end of last year, according to the International Energy Agency. About 60 per cent of Russia’s oil exports go to Europe, including around 2 per cent to the UK, while 8 per cent go to the US. China accounts for about 20 per cent.
Young Minds Newspaper Description:
Publisher: Young Mind Newspapers Pvt Ltd
Category: Newspaper
Language: English
Frequency: Weekly
Young Minds is the largest selling newspaper for youngsters in India.
Our endeavour is to prepare our youth for a global tomorrow where their social friends, their professional colleagues, and their personal interests will not be locked within a single nation's boundaries.
Young Minds actively organizes multi dimensional events and courses in both academic and non academic realms, from India and abroad, in alignment with its spirit to make our youngsters true global citizens.
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