Page 96 - Export Controls News Today

Down sharply. the s&p 500 sliding deeper into an official correction. now down nearly 14% from the most recent high. global oil spiking 8% topping $100 a barrel for the first time in eight years. oil supplies were already very tight. concerns are that there are disruptions to oil flows from russia, one of the worlds largest producers. president biden said the world would hold russia accountable for its actions. members of congress want tougher sanctions from the u.s. and its allies. what could t...

To mitigate the harm to americans at home and their own pocketbooks. what were hearing from the administration is they are considering forms of sanctions and forms of blockade on russian energy sector but not necessarily on daily oil sales because the concern there is it would drive price of oil even higher and allow russia to profit more from the seams of whenever they can find a market for it. instead, theyre looking at things like further export controls on materials that would allow russia t...

Here, invasion is an invasion and that is what is under way. but russia has been invading ukraine since 2014. >> reporter: and so now the question is how far will the sanctions that the white house intends to impose today actually go. we saw yesterday, of course, in the wake of the recognition of those two breakaway regions by russia, u.s. prohibited new investment and trade to those two regions, expect what is happening today to go a lot further. but will it amount to the full package of swift ...

Announced tomorrow. and were told that u.s. officials are on the phone tonight with their europe an counterparts trying to kind of coordinate their response here. the president is also expected to talk to g7 leaders tomorrow morning, mid-morning, washington time, to try and get sort of on the same page on these sanctions. and then, he will come out, midday tomorrow, and -- and lay out what he is planning to do. and what we are told to expect is, again, these sort of swift and severe sanctions th...

>> your thoughts. is the administration going far enough, is the u.s. going far enough? what more can be done do you think? >> from the beginning president biden has made it clear that we cannot do this alone. and that is why now weve gotten to the point where, number one, we are going after him personally and the thugs around him. and this means everything from their yachts to their assets. but we cant do that alone. he doesnt have most of his stuff in the u.s. it is all over the world. so doin...

>> the white house released a fresh round of sanctions as well on belarus for helping putins invasion of ukraine. hitting the country with export controls of oil refining equipment. is that enough to stop belarus from helping putin? our guest is on the border with belarus. mr. mayor, i know that you know the belarusian people well. are you surprised that country has decided to apparently side with russia in this conflict? can you hear me now, sir? >> i dont hear you. >> can you hear me?

Announcing new punitive steps including new export controls on russia, on belarus as well as on export controls on its oil and gas industries. that is important. why? because the administration has not taken that big step of cutting off the u.s. from russias oil and gas. they havent done that yet. but this is a way that the administration is towing the line, signaling to russia that everything is on the table. in fact the president was asked this very question today, why not take that ultimate s...

That hurts the unity of the west, right? you can probably watch the board rooms are very concerned about cyberattacks and the like. so well see what kind of russian response there is, officially, but we know there was a kremlin bulletin just an hour or so ago that said putin and president xi of china say the use of sanctions to achieve selfish goals of individual countries are unacceptable. these are the sanctions that we heard from yesterday, and there are more than just these. you got sanction...

Theres no strategic interest in reducing the global supply of energy. the immediate effect would be to raise prices at the pump for americans and also to pad russian profits with rising prices. so weve been carving out pavements for energy trade and transport from the sanctions, but we have a strong interest, we and our allies, in integrating russias strategy as a leading energy supplier over time. thats why nord stream 2 was shut down. thats why were surging lngt in europe right now to help its...

Look at what russia accuses others of doing. president biden announces a new round of sanctions and new export controls against russia. it russia. is going to make it harderfor russia it is going to make it harderfor russia to do business with the united states. and doing it in unison with other nations which make up unison with other nations which make up half of the global economy will be another crushing blow. thank you forjoining us. russian forces appear to be widening their assault on ukra...