Russia-Ukraine update: Russia voted as trade outcast; US warns Putin may turn things nuclear
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On Thursday, the US House of Representatives voted to make Russia a trade outcast, like Cuba and North Korea, which essentially means trade between the two countries is even more difficult than before.
Meanwhile, the Pentagon warned that Putin might start throwing around the nuclear option if Ukraine keeps putting up a fight.
And remember how oil was going down the other day? Well, it went back up on Thursday when Russia came out and said those peace talks weren’t going as well as everyone thought they were going. Kremlin spokesperson Dmitry Peskov told reporters that reports of progress were essentially wrong, although the talks would continue. He went on to say that Russia was putting in a “colossal effort” but that Ukraine just wasn’t trying hard enough.
Lastly, the White House is pushing on China to start taking action about Ukraine, and Biden is expected to have a phone call with President Xi Jinping soon to discuss that.
Key comments:
“Russia likely will increasingly rely on its nuclear deterrent to signal the West and project strength to its internal and external audiences,” said a report by the Defense Intelligence Agency to the House Armed Services Committee.
“President Biden will be speaking to President Xi tomorrow and will make clear that China will bear responsibility for any actions it takes to support Russia’s aggression, and we will not hesitate to impose costs," US Secretary of State Antony Blinken told a news briefing.
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