The G-7 group of leading industrialized nations, the European Union and Australia have agreed not to facilitate the export of Russian oil unless it's sold for $60 or less a barrel. The EU also banned all seaborne imports of Russian oil. Elina Ribakova, deputy chief economist at the Institute of International Finance, joins Nick Schifrin to discuss the impact of the moves. Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG Find more from PBS NewsHour at https://www.pbs.org/newshour Subscribe to our YouTube channel: https://bit.ly/2HfsCD6 Follow us: TikTok: https://www.tiktok.com/@pbsnews Twitter: http://www.twitter.com/newshour Instagram: http://www.instagram.com/newshour Facebook: http://www.pbs.org/newshour Subscribe: PBS NewsHour podcasts: https://www.pbs.org/newshour/podcasts Newsletters: https://www.pbs.org/newshour/subscribe