The EU ban on Russian oil is expected to further inflate oil prices, increasing Moscow’s oil revenues The ban on imports of Russian crude proposed by the EU authorities will only raise Moscow’s oil revenues, according to Norbert Rucker, head of economics and next-generation research at Swiss wealth manager Julius Baer.

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Artillery and anti-tank ammunition make up the bulk of the $325 million weapons haul The US Department of Defense announced on Tuesday that it will give Ukraine another $325 million worth of arms and ammunition. Compared to earlier packages, the latest shipment seemingly skimps on some of the ammo that Kiev says it needs most.