Seeking to aggravate Putin’s pain, West studies oil and gas - News Summed Up

Seeking to aggravate Putin’s pain, West studies oil and gas


The United States could achieve strong results from any number of next steps, according to current and former U.S. economists and officials. President Joe Biden has already ended relatively minor US imports of Russian oil and other fossil products. Global purchases of Russian oil and gas production account for at least 40% of Moscow’s state revenue. Cutting Russian oil further on the market would further aggravate the global supply shortage, raising prices for everyone, including the United States. Militarily, the United States is unlikely to send many complex new weapons systems, such as tanks or American fighters or bombers.


Source: Ethiopian News April 22, 2022 20:50 UTC



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