MARKETS

US could go it alone on Russian oil ban

A RIFT has formed between the US and European Union overnight over whether to place a ban on Russian oil over its invasion of Ukraine, with key EU nations like Germany ruling out the idea, while momentum to enact one is building in Washington.

Mark Tilly

US president Joe Biden

President Biden held a call with his French, German and UK counterparts overnight, with a read out of the call saying, "the leaders affirmed their determination to continue raising the costs on Russia...

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