Putin Plots His Next Move After Russian Oil Ban

Russian President Vladimir Putin will ban certain commodity and raw material exports, according to a decree from Moscow on Tuesday, The Wall Street Journal reported.

The Russian cabinet will determine what specific commodities will be included in the ban, with Putin giving it two days to formulate a list, the WSJ reported. The ban will be in effect until Dec. 31, according to the decree.

The goal of the ban is to ensure “the security of the Russian Federation and the uninterrupted functioning of industry,” according to the decree, the WSJ reported. The Biden administration announced earlier on Tuesday it would ban U.S. imports of Russian energy in response to Russia’s ongoing invasion of Ukraine. (Read more from “Putin Plots His Next Move After Russian Oil Ban” HERE)

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