{"id":1364436,"date":"2022-03-08T11:06:37","date_gmt":"2022-03-08T16:06:37","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1364436"},"modified":"2022-03-08T11:06:41","modified_gmt":"2022-03-08T16:06:41","slug":"biden-to-announce-us-ban-on-russian-oil-imports","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-to-announce-us-ban-on-russian-oil-imports\/","title":{"rendered":"Biden To Announce US Ban on Russian Oil Imports"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-to-announce-us-ban-on-russian-oil-imports%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1364436&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<p>WASHINGTON (Reuters)\u2014President Joe Biden was expected to announce a ban on Russian oil and other energy imports on Tuesday in retaliation for the invasion of Ukraine, sources familiar with the matter said.<\/p>\n<p>The White House said Biden was scheduled to announce actions at 10:45 a.m. (1545 GMT) on Tuesday against Russia over Ukraine, but did not specifically mention oil imports.<\/p>\n<p>Oil prices jumped on the news, with Benchmark Brent crude LCOc1 for May climbing by 5.4 percent to $129.91 a barrel by 1345 GMT.<\/p>\n<p>Biden has been working with allies in Europe, who are far more dependent on Russian oil, to isolate Russia&#8217;s energy-heavy economy and President Vladimir Putin. Two people familiar with the matter told Reuters on Monday the United States may move ahead with a ban on Russian oil imports without the participation of allies in Europe.<\/p>\n<p>The United States imported more than 20.4 million barrels of crude and refined products a month on average from Russia in 2021, about 8% of U.S. liquid fuel imports, according to the Energy Information Administration, and any ban is likely spike gasoline prices and inflation even further. The United States also imports a negligible amount of coal from Russia.<\/p>\n<p>Sen. Chris Coons (D., Del.) said the administration was coordinating with European allies &#8220;and making sure that we&#8217;ve done the groundwork to understand how to effectively implement a ban on Russian energy.&#8221;<\/p>\n<p>&#8220;We are going to see increased gas prices here in the United States. In Europe, they will see dramatic increases in prices. That&#8217;s the cost of standing up for freedom and standing alongside the Ukrainian people, but it&#8217;s going to cost us,&#8221; Coons told CNN.<\/p>\n<p>The White House was previously coordinating with U.S. congressional leaders working on fast-tracking bipartisan legislation that would ban Russian imports; any White House ban of Russian imports would make any such bill moot.<\/p>\n<p>Republican lawmakers took to social media to welcome the decision, while criticizing Biden&#8217;s green energy policies, and calling for the administration to support more oil and gas production at home.<\/p>\n<p>Rep. Susan Wild (D., Pa.) said Americans need to realize the larger sacrifice needed. &#8220;Obviously nobody wants to pay more for gas,&#8221; Wild, a Democrat on the House of Representatives Foreign Affairs Committee, said on MSNBC.<\/p>\n<p>(Reporting by Steve Holland, Jeff Mason; Editing by Heather Timmons and Alistair Bell)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON (Reuters)\u2014President Joe Biden was expected to announce a ban on Russian oil and other energy imports on Tuesday in retaliation for the invasion of Ukraine, sources familiar with the<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1364436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1364436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1364436"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1364436\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1364436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1364436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1364436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}