‘These are not warriors of a superpower’: Zelenskyy defiant as refugees top one million – Ukraine latest

The United States has said it is open to imposing sanctions on Russia’s oil and gas supplies. 

After Russia’s invasion of Ukraine, the White House slapped
sanctions on exports of technologies to Russia’s refineries and
the Nord Stream 2 gas pipeline, which has never launched. 

“We don’t have a strategic interest in reducing global
supply of energy … that would raise prices at the gas pump for
Americans,” spokesperson Karine Jean-Pierre said at a White
House news briefing. 

But the Biden administration warned it could block Russian oil if
Moscow heightens aggression against Ukraine. 

“It’s very much on
the table, but we need to weigh what all of the impacts will
be,” White House spokeswoman Jen Psaki told MSNBC on
Wednesday. 

It comes as oil prices surged, with Brent crude futures rising more than $3 to £116.83 a barrel – the highest price since August 2013. 

US Crude futures rose more than $2 to £112.78 a barrel. 

Meanwhile, FTSE Russell and MSCI are removing
Russian equities from all their indexes. 

FTSE Russell said the decision will be effective from 7 March, while MSCI said its decision will be implemented in one step
across all MSCI indexes as of the close on 9 March.