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Such movements of the United States tends toSLOTXOincrease energy prices Meanwhile, Biden's administration is increasing sanctions pressure on the Russian economy.
On March 9, 2022, NBC News reported that US President Joe Biden has announced that the United States will focus on the lifeblood of the Russian economy. by banning the importation of energy products from Russia
“We are banning all imports of Russian oil, gas and energy,” Biden said in a statement from the White House, adding that “this means that Russian oil will no longer be accepted from US ports. And the American people will have to deal with Putin's other weapon of war.”
The US president also warned that Such a move could raise US oil prices. But it is necessary to increase sanctions on the Russian economy. which is at war in Ukraine
“Putin's war has hurt American families who have already filled up gas stations," Biden said, adding that "I will do everything I can to reduce Putin's energy price increases. at our home.”
He also said has decided to ban Russian energy products After close consultation with partners around the world especially in Europe Most allied countries may not be able to do the same.
The US ban on Russian energy products will take effect immediately. The management set a period to expire within 45 days.
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