The fallout from the ongoing military situation in Ukraine is going to have more far-reaching implications on the lives of Americans than some may realize.
For instance, the Biden administration is placing a ban on US imports of Russian goods as a response to Russia’s military operations. Biden’s executive order will effectively put a halt to premium Russian imports such as vodka, diamonds, and seafood. The latest form of economic sanctions on Russia will cost the country nearly $1 billion in revenue.
Biden touts the impact sanctions have had on the Russian economy following a new ban on vodka, seafood and diamond imports.
— Bloomberg Quicktake (@Quicktake) March 11, 2022