US readies broader Russia sanctions that could hit banking, energy sectors - a podcast by S&P Global Platts
from 2022-02-07T12:00
Russia's standoff with the West over Ukraine continues to stir anxieties across global energy and commodity markets about possible new sanctions.
Brian O'Toole, nonresident senior fellow at the Atlantic Council and a former senior sanctions official at the US Treasury Department, joined Platts senior editor Meghan Gordon to discuss the penalties the US and EU might impose if Russia invades. He predicts a "broadening and deepening" of the Western sanctions leveled in 2014.
They also discuss how the sanctions might differ if there's a perceived lesser threat like a cyberattack and how the backdrop of rising energy prices makes the stakes so high.
Stick around after the interview for Jordan Blum with the Market Minute, a look at near-term oil market drivers.
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