As Russian tension continues to grow MSN reported that President Biden; “sketched out a broad range of sanctions and other penalties targeting vast swaths of the Russian economy — including frozen assets at top banks, sanctions on Kremlin-aligned oligarchs, and limits on exports that might benefit the country’s technology sector.” To add to these initial sanctions, new sanctions on crude oil, which equates to between 7-8% of the U.S. demand, as well as on natural gas occurred earlier this week. We are seeing the costs of the invasion continue to ripple through the global economy as uncertainty continues to abound.