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Japan stocks set for quiet start; U.S. announces ban on Russian oil imports amid Ukraine war

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President Joe Biden said Tuesday the U.S. will ban imports of Russian oil, following Moscow's invasion of Ukraine.

The United Kingdom also announced its own plans to phase out its reliance on Russian oil imports by the end of the year.

SINGAPORE — Shares in Japan looked set for a muted open on Wednesday, as investors in Asia-Pacific continue to assess the potential economic ramifications of the ongoing war in Ukraine. Both the Nikkei futures contract in Chicago and its counterpart in Osaka sat at 24,800. That compared against the

 

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