West, Russia escalate sanctions as war turns more brutal

Andrew Tillett, Matthew Cranston and Hans van Leeuwen

Mar 9, 2022 – 3.45pm

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Russia and the West are escalating tit-for-tat sanctions after the US and UK vowed to stop buying Russian oil and gas, and Moscow has announced export controls allowing it to ban the sale of key goods and raw materials to “unfriendly” countries.

As the oil price again surged after the US and UK announcement, Ukraine President Volodymyr Zelensky hinted at possible concessions to end the war, including abandoning Ukraine’s bid to join NATO and talks over the future of breakaway pro-Russian regions.

Andrew Tillett writes on politics, foreign affairs, defence and security from the Canberra press gallery.

Matthew Cranston was The Australian Financial Review’s United States correspondent.

Hans van Leeuwen is The Australian Financial Review’s former Europe correspondent. He is now International Economy editor for The Telegraph UK.