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The latest updates on Russia's invasion of Ukraine.
Russia has implemented a temporary ceasefire in many cities in Ukraine as refugees continue to flood over the border seeking safety. While Russian forces have agreed to a limited ceasefire and the opening of humanitarian corridors in several cities, but the bombardment shows little sign of letting up. Already more than a million and a half people have fled Ukraine to neighboring countries and the United Nations expects the refugee crisis will only get worse. As citizens flee the attacks, negotiators from both Russia and Ukraine continue to meet, and are set for a third round of talks in an effort to bring an end to the invasion.
In the meantime, multiple countries are working alongside NATO and the EU to continue imposing sanctions on Russia, primarily targeting Russia's economic pipelines and oil. This morning the Biden Administration is reportedly considering halting oil imports from Russia as oil prices continue to surge. Oil prices spiked to their highest levels since 2008 early this morning amid market supply fears as the United States and European allies consider banning Russian oil imports."The original spikes were on embargo worries, but then a lot of countries came out and said they won't do it," said Bob Yawger, director of energy futures at Mizuho. "Western European countries are not in a position to embargo, and that's why markets are lower now as people are starting to realize it."The price of gas here in California continues to soar, now topping $5 a gallon in most locations in the state.
Congress is also considering a request from the Biden Administration to send $10 billion in assistance To Ukraine, after the Unite Kingdom announced their financial aid package of over $230 million. President Biden is set to join other world leaders on a call this morning to discuss the war between Russia and Ukraine.