President Joe Biden on Tuesday announced that the U.S. will ban imports of Russian oil, a major escalation in the international response to Moscow’s invasion of Ukraine.
The U.S. imported about 672,000 barrels a day from Russia in 2021, according to figures from the Energy Information Administration. That amount comprises roughly 8% of the total U.S. imports of oil and refined products. Full details at the link in today's Story.
The move came as Western-allied nations work to sever Russia from the global economy and punish Russian President Vladimir Putin.
The United Kingdom also announced its own plans to phase out its reliance on Russian oil imports by the end of the year. The European Union earlier Tuesday morning unveiled a plan to wean itself off of Russian fossil fuels.
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Biden: U.S. to ban imports of Russian oil #Shorts
