White House weighs ban on Russian oil imports amid growing bipartisan call from Congress to act
The White House said Friday that it is weighing a ban on imports of Russian oil, amid growing calls in Congress to act.
While imported Russian crude makes up only a small fraction of the U.S. oil market, the move could have broader implications for energy prices if countries in Europe and elsewhere adopted similar sanctions. Biden administration officials have been debating how to respond to bipartisan calls for retaliation against Russia for its invasion of Ukraine without driving up the already-soaring cost of oil, which will in turn boost gas prices.
White House press secretary Jen Psaki told reporters Friday that the administration is “considering a range of options” but does not want to disrupt the global energy supply or increase gasoline prices.
“What we know is that, you know, from the U.S. economy, we don’t import a lot of Russian oil, but we are looking at options that we can take right now if we were to cut the U.S. consumption of Russian energy,” Psaki said. “But what’s really most important is that we maintain a steady supply of global energy.”
https://www.msn.com/en-us/news/politics/white-house-weighs-ban-on-russian-oil-imports-amid-growing-bipartisan-call-from-congress-to-act/ar-AAUCNxi
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