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Biden Administration Weighs Ban on Russian Oil Imports
Posted
March 4, 2022
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March 4, 2022
84,466
203
405
0.72%
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2:45Now PlayingThe Biden administration is weighing a ban on U.S. imports of Russian crude oil as Congress races toward passing such a restriction to punish the Kremlin for its invasion of Ukraine.
Conversations are taking place within the administration and with the U.S. oil and gas industry on the impact such a move would have on American consumers and the global supply, according to people familiar with the matter.
Earlier this week, the White House publicly rebuffed suggestions from lawmakers that the U.S. ban Russian oil. But pressure has grown for a ban along with American outrage over Russia’s invasion, and lawmakers have made clear they will act.
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