What does banning Russian oil mean for the world?

US President Joe Biden has imposed a ban on Russian oil and gas. And the UK announced it will phase out imports of Russian oil by the end of the year. What are the consequences for the rest of the world? And will it stop Vladimir Putin's war on Ukraine?

Join host Adrian Finighan.

With guests:

Ben Cahill - Senior Fellow at the Center for Strategic and International Studies (CSIS).

Cornelia Meyer - Economist and CEO of the consulting firm, Meyer Resources.

Leonid Savin - Chief editor of Geopolitica.ru and a political analyst.