Biden to announce ban on Russian oil imports: Source


The White House added a 10:45 a.m. event to the president’s schedule.

President Joe Biden will announce as early as Tuesday that the United States will ban imports of Russian oil, a source told ABC News Chief White House Correspondent Cecilia Vega.

The White House said Tuesday morning that Biden had added a 10:45 a.m. event to his schedule on “actions to continue to hold Russia accountable for its unprovoked and unjustified war against Ukraine,” but did not. not revealed further.

He has come under pressure from Democrats and Republicans in Congress to go ahead with a ban.

This move is expected to drive up US gasoline prices even further.

On Monday, top Republicans and Democrats in Congress announced they had reached agreement on bipartisan legislation that would punish Russia for its invasion of Ukraine, by banning the import of Russian oil and other energy products – as well as suspending normal trade relations with Russia and my vote in the House were expected this week.

About 8% of US imports of crude oil and petroleum products came from Russia last year, according to preliminary US government data; 3% of American oil came from Russia.

White House officials also say the impact on Russia, which only sent 1% of its oil exports to the United States in 2020, would not be significant – especially when its oil and gas sector is already weak. “de facto sanctioned” due to severe restrictions on Russian banks.

But in an NPR/PBS NewsHour/Marist poll last week, 69% of Americans said they support economic sanctions against Russia even if they drive up US energy prices.

This is a developing story. Please check for updates.

ABC News

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