News Snapshot:
US president Joe Biden is set to announce a ban on imports of Russian oil into the country, according to a White House official, as Washington seeks to ramp up economic sanctions on Moscow over its invasion of Ukraine. The move follows days of debate within the Biden administration and between the US and western allies about the merits of banning Russian oil to punish Russian president Vladimir Putin for the attack on Ukraine, as well as the danger it could trigger a new shock to global energy markets. It is likely to raise the pressure on European powers to...
