"Make no mistake about it: I understand inflation is a real challenge to American families. Today's inflation report confirms what Americans already know: Putin's Price Hike is hitting America hard," Biden said in a statement. "My administration is going to continue to do everything it can to lower prices for the American people."

Which is of course absurd. Prices were already soaring and inflation was already at a 40-year high before Russia invaded Ukraine on the 24th of February, and there was never anything inscribed upon the fabric of reality which said the US needed to respond to that invasion with an economic war that has made everything worse. The US initiated these unprecedented acts of economic warfare in response to an invasion it could easily have prevented with a little diplomacy, and has managed to do so without even hurting the strength of the ruble at all.