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Amazon .com Inc. says it has stopped shipping products sold on its retail website to customers based in Russia and cut off access to its video streaming service there.

LONDON — Shell said March 8 that it will stop buying Russian oil after Ukrainian officials criticized the energy giant for buying a shipment of crude from Moscow and demanded that all multinational companies sever ties with Russia over the war.

WASHINGTON — President Joe Biden announced March 8 the U.S. will ban all Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine. But he acknowledged it will bring costs to Americans, particularly at the gas pump.

NEW YORK — Wall Street had its biggest drop in more than a year March 7 as another leap for oil prices threatened to squeeze inflation’s grip on the global economy.

President Joe Biden announced March 8 the U.S. is banning the importation of Russian oil as a direct response to Russian President Vladimir Putin’s decision to invade neighboring Ukraine, resulting in significant civilian casualties.

Oil had its biggest daily swing ever, surging to near $140 before pulling back, on the prospect of even tighter supplies after the U.S. said it was considering a ban on Russian crude imports.

The chorus is growing from America’s oil executives for President Joe Biden to throw the federal government’s weight behind an industry he once deliberately shunned: U.S. shale.