Analysts warn of a difficult and expensive transition that could push Britain into recession Ukraine-Russia war – latest updatesBritain and the US together moved to ban Russian oil on Tuesday in the biggest financial crackdown on Moscow since its invasion of Ukraine two weeks ago.In a move likely to hit the Kremlin’s coffers hard, as well as further raise petrol prices and feed inflation in the west, Boris Johnson said stopping imports of Russian oil by the end of 2022 was “another economic blow to the Putin regime”. Continue reading…
Analysts warn of a difficult and expensive transition that could push Britain into recession
Britain and the US together moved to ban Russian oil on Tuesday in the biggest financial crackdown on Moscow since its invasion of Ukraine two weeks ago.
In a move likely to hit the Kremlin’s coffers hard, as well as further raise petrol prices and feed inflation in the west, Boris Johnson said stopping imports of Russian oil by the end of 2022 was “another economic blow to the Putin regime”.