
The world may be facing one of the largest energy shocks ever, Goldman Sachs says
CNN
Russia's invasion of Ukraine and the West's crackdown on Moscow has left the world economy exposed to an epic energy shock.
"The uncertainty on how this conflict and oil shortages will be resolved is unprecedented," Goldman Sachs strategists wrote in a note to clients.
The developments have been relentless. On Tuesday the White House announced a ban on Russian oil imports and the United Kingdom pledged to phase out imports from the country by the end of this year.
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