Biden says 'nothing is off the table' when asked about banning Russian oil and gas

[SouthBayDem]

Source: Reuters

WASHINGTON, March 2 (Reuters) - U.S. President Joe Biden said on Wednesday that "nothing is off the table" when asked if the United States would ban Russian oil and gas after Moscow's invasion of Ukraine.

Earlier in the day, White House press secretary Jen Psaki said the United States is "very open" to imposing sanctions on Russia's oil and gas industry at a time when global oil prices touched eight-year highs and supply disruptions mounted. The administration is, however, considering how it could rattle the markets, she said.

Although the United States has not yet targeted Russian oil sales as part of its sweeping economic sanctions following the invasion, U.S. traders have already acted to put such imports on hold, disrupting energy markets.

A source familiar with the matter told Reuters on Wednesday, the United States is preparing a sanctions package targeting more Russian oligarchs as well as their companies and assets.

Read more: https://www.reuters.com/world/biden-says-nothing-is-off-table-when-asked-about-banning-russian-oil-gas-2022-03-02/

[L. Coyote]

1. Biden's step-wise response with sanctions is well-conceived, seems like each day

that Russia continues with their aggression the sanctions increase. Putin must be getting a very clear message by now, from the US and his besties.

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