EU proposes Russian oil ban May 4, 2022

from World Business Report· ·

The European Union has proposed a ban on imports of Russian oil and refined fuel products. Richard Bronze is head of geopolitics at the energy sector consultancy Energy Aspects, and talks us through the implications. And we get a sense of how this move could impact the Russian economy, from Elina Ribakova, deputy chief economist at the Institute of International Finance. Also in the programme, the US Federal Reserve is due to announce its latest interest rate decision shortly. We explore its options with the BBC's Michelle Fleury. Meanwhile the Reserve Bank of India announced a surprise 0.4 percentage point …



The European Union has proposed a ban on imports of Russian oil and refined fuel products. Richard Bronze is head of geopolitics at the energy sector consultancy Energy Aspects, and talks us through the implications. And we get a sense of how this move could impact the Russian economy, from Elina Ribakova, deputy chief economist at the Institute of International Finance. Also in the programme, the US Federal Reserve is due to announce its latest interest rate decision shortly. We explore its options with the BBC's Michelle Fleury. Meanwhile the Reserve Bank of India announced a surprise 0.4 percentage point interest rate increase. The BBC's Nikhil Inamdar tells us what was behind the move. Plus, the BBC's David Reid reports on how fast and portable genome testing is unlocking the secrets to ourselves, and the environment we live in.