Let's talk about the EU quitting Russian oil....
Belle of the Ranch
Belle of the Ranch
4.9 • 1K Ratings
🗓️ 31 May 2022
⏱️ 4 minutes
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| 0:00.0 | If just thinking about your bills makes you feel confused and disorientated, |
| 0:05.0 | like your head is full of Raspberry, |
| 0:08.0 | then you need Monzo. |
| 0:10.0 | Download your new favorite bank and pay bills from custom pots. |
| 0:15.0 | Money never felt like Monzo. |
| 0:18.0 | UK residents, Tease and see supply. |
| 0:21.0 | Well, howdy there, Internet, it's Bow again. So today we're going to talk |
| 0:25.9 | about the next episode in the saga that is the cat-and-mouse game of going |
| 0:30.5 | after Russia's economy. The EU, the European Union, has confirmed but hasn't officially |
| 0:39.4 | enacted their sixth round of sanctions, I think it's their sixth, and this one includes |
| 0:46.3 | cutting Russian oil imports by 90% by the end of the year. |
| 0:51.3 | The remaining 10% has to do with countries that are landlocked. |
| 0:55.0 | This package includes almost 10 billion US that will be pushed into the Ukrainian economy |
| 1:08.6 | to help keep it rolling. It cuts Russia's biggest largest state-owned media companies from distributing their content within the EU |
| 1:25.0 | and then there's all the normal stuff |
| 1:28.0 | you know more targeted sanctions against people freezing assets travel, that kind of stuff. |
| 1:35.4 | The oil is a big deal. |
| 1:37.0 | That's something that Zilinski has been asking for specifically. |
| 1:40.4 | It will make it harder for Russia to continue to prop up its economy from the impacts of the other sanctions. |
| 1:50.0 | Now, for us and everybody else in the world, we have to remember this stuff doesn't occur in a vacuum |
| 1:57.4 | They're cutting out this supply of oil which means they have to get it from somewhere else. So they're going to be buying |
| 2:05.4 | from somewhere else. Meanwhile, Russia is going to try to find a different buyer for the |
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