Oil

Western companies severing ties with Russia over invasion of Ukraine, sanctions

The United States, Canada, European allies, and other countries announced a rash of sanctions against Russia over its invasion of Ukraine, including cutting Russian banks from the SWIFT messaging service, banning Russian aircraft, limiting the business dealings of Russian oligarchs, and other measures that will economically isolate the country.

What can potentially stop more Russia incursions

Chief global strategist and managing director of B. Riley Securities Mark Grant argues the U.S. is 'helping to finance Russia's invasion of the Ukraine' through purchases of Russian oil and petrochemicals.