Guardian - Live Blog: Reports in its 2.38pm post the following, " The British government is expected to make an announcement at around 4pm GMT today about how it plans to cut Russian oil and gas imports, reports Politico journalist Alex Wickham...The prime minister, Boris Johnson, said yesterday that the world could not simply stop using Russian oil and gas but would have to speed up its transition away from it. "
Lets Get Real:
The UK Government has been bounced in to this, it would not look good if the US banned Russian OIL and and its closes Partner did not follow, this blog expects a gradual reduction in our import of Russian oil and gas, the economy will need time to process this development, the EU will be a bind, as stated Germany, Italy and Netherlands get a big part of their oil and gas from the Russians, they will look like they are appeasing Russia, if they do not follow suit, also the Kremlin might cut off the products anyway as away to react to the news from the US and the UK. One can expect barrel of OIL to reach highs not seen in years, the Russians it can be postulated can sell the products to China, China is a growing economy with huge energy demands, also they will get a discount as RUSSIA needs the money. How long can Putin keep the WAR going in the Ukraine.
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