From Associated Press:
Biden to ban Russian oil imports over Ukraine war
President Joe Biden has decided to ban Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine, according to a person familiar with the matter.
The move follows pleas by Ukrainian President Volodymyr Zelenskyy to U.S. and Western officials to cut off the imports, which had been a glaring omission in the massive sanctions put in place on Russia over the invasion. Energy exports have kept a steady influx of cash flowing to Russia despite otherwise severe restrictions on its financial sector.
Biden was set to announce the move as soon as Tuesday, the person said, speaking on condition of anonymity to discuss the matter before his remarks. The White House said Biden would announce “actions to continue to hold Russia accountable for its unprovoked and unjustified war on Ukraine.”
Most of our oil is coming in from Canada. Still, Russia accounts for a significant percentage and this will raise the price at the pump. Remember when gas used to cost about $2/gallon? Back in the good old days - about a year ago? Remember when we used to be a net-exporter of oil?
Now, we are talking about importing from two hostile regimes - Venezuela and Iran
The Democrats own this.
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