THE BASIS POINT

The problem with U.S. blocking Russian oil & gas: it fuels U.S. inflation

 
 

Blocking Russia’s oil and gas exports would cost Putin $500 million a day. But it would also drive up U.S. energy prices, and impact U.S. elections in 2022 and 2024.

Blocking Russia's oil and gas exports would cost Putin $500 million a day. But it would also drive up U.S. energy prices, and impact U.S. elections in 2022 and 2024.

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Biden has yet to wield one of his biggest weapons in the war on Russia's economy

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