Russian conflict News Updates

Transportation companies have been suspending operations in Russia and Ukraine amid the ongoing war between the countries.

The war in Ukraine has touched off a feud between the White House and U.S. oil industry as many companies reap record profits from rising prices despite pumping less crude than before the pandemic, leaving American consumers beset by surging gasoline costs.

WASHINGTON — President Joe Biden announced March 11 the U.S. will dramatically downgrade its trade status with Russia as punishment for its invasion of Ukraine and also ban imports of Russian seafood, alcohol and diamonds.

Governors from California to New York are proposing tax cuts, rebates and other forms of relief to drivers paying more than $4 a gallon to fill their gasoline tanks amid Russia’s war with Ukraine.

SACRAMENTO, Calif. — California Gov. Gavin Newsom proposed sending money back to taxpayers to offset record-high gas prices but rejected calls to increase oil drilling, saying he wants to free the state “once and for all from the grasp of petro-dictators.”

Amazon .com Inc. says it has stopped shipping products sold on its retail website to customers based in Russia and cut off access to its video streaming service there.

LONDON — Shell said March 8 that it will stop buying Russian oil after Ukrainian officials criticized the energy giant for buying a shipment of crude from Moscow and demanded that all multinational companies sever ties with Russia over the war.

WASHINGTON — President Joe Biden announced March 8 the U.S. will ban all Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine. But he acknowledged it will bring costs to Americans, particularly at the gas pump.

NEW YORK — Wall Street had its biggest drop in more than a year March 7 as another leap for oil prices threatened to squeeze inflation’s grip on the global economy.

President Joe Biden announced March 8 the U.S. is banning the importation of Russian oil as a direct response to Russian President Vladimir Putin’s decision to invade neighboring Ukraine, resulting in significant civilian casualties.