The U.S. has banned all imports of Russian oil as sanctions against Moscow are tightened. President Biden has admitted that the move will impact Americans further at the gas pump. As Russian forces inch towards the Ukrainian capital, the director of the CIA, William Burns, warns of “an ugly next few weeks”. In the UK, the House of Commons is addressed by Ukrainian President Volodomyr Zelenskyy who remains defiant, paraphrasing Winston Churchill in his speech. U.S. markets suffer another rollercoaster session, closing in the red. Gold surges on increased embargo and inflation fears. Meanwhile, McDonald’s, Coca-Cola, Pepsi and Starbucks have announced they are suspending operations in Russia.  

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