"WASHINGTON — Striking harder at Russia’s economy, President Joe Biden on Tuesday ordered a ban on Russian oil imports in retaliation for Vladimir Putin’s onslaught in Ukraine. The major trade action, responding to the pleas of Ukraine’s embattled leader, thrust the U.S. out front as Western nations seek to halt Putin’s invasion.
Americans will feel pain, too — at the gas pump — Biden acknowledged, declaring, “Defending freedom is going to cost.”
The imports have been a glaring omission in the massive sanctions put in place on Russia over the invasion. Energy exports have kept a steady stream of cash flowing to Russia despite otherwise severe restrictions on its financial sector.
“We will not be part of subsidizing Putin’s war,” Biden said, calling the new action a “powerful blow” against Russia’s ability to fund the ongoing offensive."
Zeke Miller, Mike Balsamo, and Josh Boak report for the Associated Press March 9, 2022.
SEE ALSO:
"Explainer: What Does A US Ban On Russian Oil Accomplish?" (AP)
"Loss of Russian Oil Leaves a Void Not Easily Filled, Straining Market" (New York Times)
"West Takes Aim At Russian Oil And Gas While Companies Halt Business" (Washington Post)
"Democrats Embrace Politically Risky Strategy On Rising Gas Prices" (Washington Post)
"Saudi, Emirati Leaders Decline Calls With Biden During Ukraine Crisis" (Wall St. Journal)
"Here’s Where Russian Oil Flows" (Washington Post)
"Ban on Russian Oil Could Hit the U.S. Economy as Gas Prices Rise" (New York Times)
"White House Dubs Rising Gas Prices A 'Putin Spike'" (The Hill)
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