Dr. Perryman explains how the economic penalties will affect the average consumer and world economies.
Dr. Perryman explains some potential economic sanctions and how these penalties may affect the Russian economy.
The European Union (EU) has announced a partial embargo on Russian oil in response to the invasion of Ukraine. By yearend, about 90% of Russian oil import volumes could be affected. It's a major blow to Moscow, which relies on oil and natural gas sales for economic sustainability.