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3/2/2022, 3:17 AM (Source: TeleTrader)
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Biden confirms US will close airspace for Russian planes

United States President Joe Biden said in his 2022 State of the Union Address that Washington will close its airspace for Russian flights, confirming earlier media reports.

Biden noted that Putin will pay a "high price in the long run" for attacking Ukraine. He claimed his war on Ukraine will leave "Russia weaker and the rest of the world stronger."

The US president also noted that the US decided to release 30 million barrels of crude oil from its Strategic Petroleum Reserve (SPR) in an effort to counter the impact of the Russian invasion of Ukraine and the sanctions against Moscow on the oil market.

Baha Breaking News (BBN) / NP