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Business Matters: Biden halts imports of gas and oil from Russia

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09/03/2022 GMT

Biden halts imports of gas and oil from Russia

BBC World Service - Business Matters, Biden halts imports of gas and oil from Russia

The US president announces a ban on imports as the Russian invasion of Ukraine continues.

The US president announces a ban on imports as the Russian invasion of Ukraine continues, but will it make a difference? We ask Stewart Glickman of CFRA Research in New York.

Thousands flee Ukraine as the Russian invasion continues as aid agencies say the southern city of Mariupol, which has seen heavy shelling preventing more from leaving, is on the verge of a humanitarian catastrophe. The BBC's Sarah Rainsford reports from the central city of Poltava where evacuees from the north eastern city of Sumy are arriving. In the UK, Ukraine's President Volodymyr Zelensky addressed the British Parliament by videolink urging Britain to do more to support his country's fight against Russia.  In the US President Joe Biden announces a complete ban on the import of Russian oil and gas, but imports make up only a small amount of America's oil and gas supply, so will it make a difference? We ask Stuart Glickman, an energy analyst at CFRA Research in New York. At the same time, the EU has published a plan to dramatically reduce its reliance on Russian energy - is it ambitious enough? We speak to Dieter Janacek, a Green MP in the German governing coalition. While companies desert Russia as a result of its war with Ukraine some are staying - Lauren Silva Laughlin from Reuters BreakingViews tells us more. And as part of International Women's Day we hear the story of how one Ukrainian woman's professional and personal life has been turned upside down by the conflict. Throughout the programme we're joined by Colin Peacock, presenter of Media Watch on Radio New Zealand and by Luisa Kroll, executive editor at the business website Forbes in New York.

Picture: Volodymyr Zelensky addresses the Westminster Parliament Credit: Reuters

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