{"id":1392859,"date":"2022-03-21T20:14:42","date_gmt":"2022-03-22T00:14:42","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1392859"},"modified":"2022-03-21T20:14:45","modified_gmt":"2022-03-22T00:14:45","slug":"white-house-holds-off-the-record-meeting-with-energy-finance-manufacturing-ceos-amid-economic-fallout-from-ukraine-invasion","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-holds-off-the-record-meeting-with-energy-finance-manufacturing-ceos-amid-economic-fallout-from-ukraine-invasion\/","title":{"rendered":"White House Holds \u2018Off The Record\u2019 Meeting With Energy, Finance, Manufacturing CEOs Amid Economic Fallout From Ukraine Invasion"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">36<\/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%2Fwhite-house-holds-off-the-record-meeting-with-energy-finance-manufacturing-ceos-amid-economic-fallout-from-ukraine-invasion%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=1392859&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><img decoding=\"async\" src=\"https:\/\/dw-wp-production.imgix.net\/2022\/03\/Joe-Biden-3-1.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>The Biden administration reportedly met with executives from multiple industries on Monday to discuss the continuing fallout on the U.S. economy from the Russian invasion of Ukraine, according to multiple reports.<\/p>\n<p>Several outlets, including <a href=\"https:\/\/thehill.com\/homenews\/administration\/599053-white-house-to-meet-with-oil-bank-other-companies-about-russia?rl=1\">The Hill<\/a>, and the <a href=\"https:\/\/nypost.com\/2022\/03\/21\/white-house-invites-business-execs-for-off-the-record-inflation-chat-as-war-rages\/\">New York Post<\/a>, reported that the White House officials and Cabinet Secretaries had met with CEOs from a number of major corporations across multiple industries, especially the energy, food, and financial sectors, in an \u201coff-the-record discussion\u201d on the impacts of the Russia-Ukraine conflict and the sanctions imposed on Russia by the U.S. and its Western allies.<\/p>\n<p>A White House official <a href=\"https:\/\/www.foxbusiness.com\/politics\/white-house-meeting-oil-bank-ceos-russian-sanctions\">told Fox Business<\/a> that companies attending included oil and gas giants ExxonMobil, ConocoPhillips, and Marathon Petroleum; clean energy giants Pattern and Invenergy; Financial titans JPMorgan Chase, Visa, and Bank of America; food and agriculture companies Land O\u2019 Lakes and Cargill, and industrial manufacturers Dow Chemical and U.S. Steel. The panel was reportedly hosted by White House officials, including Treasury Secretary Janet Yellen, Commerce Secretary Gina Raimondo, National Security Adviser Jake Sullivan, and National Economic Council Director Brian Deese.<\/p>\n<p>The meeting was not on President Joe Biden\u2019s schedule, but the New York Post noted that Biden sometimes greets prominent figures attending White House briefings. The Post also reported that the meeting took place before Biden was scheduled to speak at a quarterly meeting of a Business Roundtable gathering. Biden was expected to discuss the Ukraine crisis with business leaders there, as well as his \u00a0\u201cplans to lower costs for working families, create good-paying union jobs, and tackle the climate crisis,\u201d according to his daily schedule.<\/p>\n<p>A <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2022\/03\/21\/readout-of-the-administrations-briefing-of-ceos-on-russias-war-against-ukraine\/\">readout<\/a> of the briefing published by the White House confirmed that Biden was briefly in attendance. According to the readout, officials \u201cconveyed the Administration\u2019s commitment to continue imposing heavy costs on Putin to degrade Russia\u2019s war machine and support the people of Ukraine, while taking concrete actions to mitigate the price increases on American consumers caused by Putin\u2019s action. Participants also discussed the need to work together to address Putin\u2019s disruptions to global markets and supply chains, especially for energy and agricultural commodities, and identify alternative sources of supply for key goods.\u201d<\/p>\n<p>Several of the companies participating in the briefing have already been involved in the sanctions campaign and have taken retaliatory action against Russia for invading Ukraine. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-03-10\/jpmorgan-says-it-s-actively-unwinding-its-russia-business\">JPMorgan<\/a> and <a href=\"https:\/\/www.dailywire.com\/news\/breaking-visa-mastercard-suspend-all-operations-in-russia-effective-immediately\">Visa<\/a> previously suspended all financial operations in Russia earlier this month, as The Daily Wire reported. <a href=\"https:\/\/www.reuters.com\/business\/energy\/exxon-mobil-begins-removing-us-employees-its-russian-oil-gas-operations-2022-03-01\/\">ExxonMobil<\/a> closed down its last remaining project in Russia, leaving behind some $4 billion in assets, as Reuters reported, joining other oil and gas giants like <a href=\"https:\/\/www.dailywire.com\/news\/two-global-oil-titans-announce-divestment-from-russia-over-ukraine-invasion\">BP and Shell<\/a> in pulling out of the Russian energy sector.<\/p>\n<p>The briefing also comes as inflation soared to another record high in February. The <a href=\"https:\/\/www.bls.gov\/news.release\/cpi.t01.htm\">Consumer Price Index<\/a> reported a 7.9% year-over-year increase, the largest annual increase in 40 years. Food and energy prices led the way, with food inflation rising 7.9% and energy rising 25.6%, especially a 38.0% increase in gasoline. The <a href=\"https:\/\/www.dailywire.com\/news\/wholesale-prices-soar-10-in-february-highest-level-on-record\">Producer Price Index<\/a>, which tracks wholesale prices for producers, hit another record high of 10% year-over-year, also the largest increase in 40 years. Biden has tried to place blame on Russia for the inflation spike, dubbing it \u201c<a href=\"https:\/\/www.dailywire.com\/news\/putin-price-hike-jen-psaki-invites-peter-doocy-to-join-her-in-the-white-houses-gas-price-blame-game\">Putin\u2019s Price Hike<\/a>,\u201d but inflation and oil prices have been rising since before the invasion.<\/p>\n<p><em>The Daily Wire is one of America\u2019s fastest growing conservative media companies for breaking news, investigative reporting, sports, podcasts, in-depth analysis, books, and entertainment for a reason: because we believe in what we do. We believe in our country, in the value of truth and the freedom to speak it, and in the right to challenge tyranny wherever we see it. Believe the same?\u00a0<a class=\"in-cell-link\" href=\"https:\/\/www.dailywire.com\/subscribe\" target=\"_blank\" rel=\"noopener\">Become a member now and join our mission.<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Biden administration reportedly met with executives from multiple industries on Monday to discuss the continuing fallout on the U.S. economy from the Russian invasion of Ukraine, according to multiple<\/p>\n","protected":false},"author":189,"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-1392859","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\/1392859","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\/189"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1392859"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1392859\/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=1392859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1392859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1392859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}