March 2, 2022
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1:04Now PlayingPresident Joe Biden, who used his first State of the Union address to label Vladimir Putin a “dictator,” signaled Wednesday that he’s open to imposing restrictions on oil and gas imports to the U.S.
Russia’s military advance continued, with its Defense Ministry saying it captured the Black Sea port city of Kherson as units moved further into southern Ukraine. A top Russian official warned that increased weapons supplies to Ukraine could raise the risk of an inadvertent conflict with NATO.
For its part, Ukraine said a second round of talks were possible as early as Wednesday. Russian markets continued to be roiled, with investors scrambling to find out whether the country’s bonds are in default. European natural gas hit a new record, alongside soaring prices for wheat and corn.
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