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Biden Bans Russia Oil Imports to U.S., Warns Gasoline to Rise Further

Retail gasoline prices in the United States surged to an all-time record on Tuesday, with the average cost of a retail gallon of gasoline hitting $4.173
Models of oil barrels and a pump jack are seen in front of displayed U.S. and Russia flag colours in this illustration taken March 8, 2022. REUTERS/Dado Ruvic/Illustration
Models of oil barrels and a pump jack are seen in front of displayed U.S. and Russia flag colours in this illustration taken March 8, 2022. REUTERS/Dado Ruvic/Illustration

U.S. President Joe Biden on Tuesday imposed an immediate ban on Russian oil and other energy imports in retaliation for the invasion of Ukraine, amid strong support from American voters and lawmakers, even though the move will drive up U.S. energy prices.

“We’re banning all imports of Russian oil and gas energy,” Biden told reporters at the White House. “That means Russian oil will no longer be acceptable in U.S. ports and the American people will deal another powerful blow to (Russian President Vladimir) Putin’s war machine.”

The ban caps sweeping U.S. and European sanctions imposed on Moscow for launching the largest war in Europe since World War Two. Russian strikes have targeted Ukrainian cities and killed hundreds of civilians, some as they tried to flee their homes.

Biden, who has pledged that U.S. soldiers will not go to Ukraine to fight, voiced America’s support for the Ukrainian people, and predicted their ultimate victory.

“Russia may continue to grind out its advance at a horrible price, but this much is already clear: Ukraine will never be a victory for Putin. Putin may be able to take a city, but he’ll never be able to hold the country,” he said.

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