US President bans Russian oil imports

08/03/2022 Argaam
US President Joe Biden

US President Joe Biden

US President Joe Biden on Tuesday imposed an immediate ban on Russian oil and other energy imports in retaliation for the invasion of Ukraine.

 

"We're banning all imports of Russian oil and gas energy," Biden told reporters at the White House.

 

"That means Russian oil will no longer be acceptable in US ports and the American people will deal another powerful blow to (Russian President Vladimir) Putin's war machine."

 

Britain announced shortly before Biden's remarks that it would phase out the import of Russian oil and oil products by the end of 2022.

 

The US imported nearly 672,000 barrels a day from Russia in 2021, making up roughly 8% of its total imports of oil and refined products, according to the Energy Information Administration.

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