russian oil

UK Prime Minister Rishi Sunak is attempting to save a plan to deport asylum seekers to Rwanda; an EU proposal will see Denmark enforcing the price cap on Russian oil by checking ships in the Baltic Sea; Plus, EY names a new CEO.

Mentioned in this podcast:

Sunak vows emergency legislation as Supreme Court rules against Rwanda policy

EY picks Janet Truncale as first woman to lead Big Four firm

Denmark could block Russian oil tankers from reaching markets

This episode of FT News Briefing was produced by Josh Gabert-Doyon, Manuela Saragosa, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

 On today's podcast:

(1) The UK sits down for EV tariff talks with the EU as Tesla finds itself in the crosshairs of the bloc's Chinese subsidy probe.

(2) US regulators sue Amazon, accusing it of monopolizing the online marketplace.

(3) Donald Trump is found liable for inflating his net worth by billions of dollars.

(4) How tanker tricks on the high seas expose the shadowy trade for Russian oil. 

See omnystudio.com/listener for privacy information.

On Tuesday morning, President Biden took to the podium at the White House to deliver a solemn and provocative speech. As punishment for waging war on Ukraine, he announced,  the United States would cut off Russian oil imports.

Mr. Biden said the move would require some sacrifice, but would be for the greater good.

How much will the ban hurt Russia, and American consumers?

Guest: Clifford Krauss, a national energy business correspondent for The New York Times.

Have you lost a loved one during the pandemic? The Daily is working on a special episode memorializing those we have lost to the coronavirus. If you would like to share their name on the episode, please RECORD A VOICE MEMO and send it to us at thedaily@nytimes.com. You can find more information and specific instructions here.

Background reading: 

• Mr. Biden banned oil imports from Russia, calling it a “blow to Putin’s war machine.”
• The ban could have meaningful consequences for the U.S. economy, pushing up prices at the gas pump when inflation is already rapid. 

Want more from The Daily? For one big idea on the news each week from our team, subscribe to our newsletter. 

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.