Reports: President Biden To Ban Russian Oil Imports Over Ukraine War
Newsy
President Biden will reportedly announce the ban following requests from Ukrainian President Zelenskyy to cut off Russian energy exports.
President Joe Biden has decided to ban Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine, according to a person familiar with the matter.
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The move follows pleas by Ukrainian President Volodymyr Zelenskyy to U.S. and Western officials to cut off the imports, which had been a glaring omission in the massive sanctions put in place on Russia over the invasion. Energy exports have kept a steady influx of cash flowing to Russia despite otherwise severe restrictions on its financial sector.
