Biden Bans Importing Russian Oil – Hopes To ‘Not Be Part Of Subsidizing Putin’s War’

2011

On Tuesday, Joe Biden said the US is banning the imports of Russian natural gas and oil, saying these bans were meant to be “targeting the main artery of Russia’s economy.”

The President went on to state how continuing to allow Russian imports would be helping fund Russia as they continue to war against Ukraine. Biden said “Russian oil will no longer be accepted at U.S. ports. We will not be part of subsidizing Putin’s war.”

The United State’s dependence on Russian oil and gas are dwarfed by that of European allies, which stands at roughly 40%. The EU European Commission said they are working towards reducing Russian energy imports by two-thirds.

Biden’s latest actions come after initial sanctions levied on Russia failed to limit Russia’s unprovoked aggression toward the free state of Ukraine.

Many of Biden’s critics note how, upon taking office, Biden took action that limited the United State’s ability to be energy-independent.

Even before the war on Ukraine, American gas prices were rising. But now, prices for a gallon of gas are now the most expensive than they have ever been. The original record for gas prices was $4.103/per gallon in 2008. That record was broken on Monday, when gas prices rose to $4.104 per gallon.