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Biden to announce ban on US imports of Russian oil: source

Biden to announce ban on US imports of Russian oil: source

President Biden is expected to announce a ban on Russian oil imports into the United States on Tuesday morning amid bipartisan pressure, FOX Business has learned, as Russia continues its thirteenth-day invasion of Ukraine.

The president is expected to deliver remarks from the White House on Tuesday morning, where he will announce “actions to continue to hold Russia accountable for its unprovoked and unjustified war against Ukraine.”

As the war in Ukraine rages, Americans face soaring gas prices, and the Biden administration faces calls from Republicans and Democrats in Congress, as well as Ukrainian President Volodymyr Zelenskyy to ban gas imports. Russian oil and increase national energy production. .

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Zelenskyy on Monday called for a “boycott” of Russian oil imports to the United States and European countries.

President Biden sits in the Oval Office of the White House, March 4, 2022, in Washington. (AP Photo/Patrick Semansky, File/AP Newsroom)

And Secretary of State Antony Blinken said Sunday the administration is talking with partners and allies “to consider, in a coordinated way, the prospect of banning the import of Russian oilwhile ensuring that there is always an adequate supply of oil in world markets.”

A Biden administration official told FOX Business on Tuesday morning that the administration’s announcement regarding a possible ban on oil imports of Russia to the United States was “imminent”.

White House press secretary Jen Psaki at Monday’s press conference addressed the issue.

“No decision has been made at this stage by the president regarding a ban on oil imports from Russia,” she said Monday, adding that discussions were continuing internally and with “counterparts and partners.” in Europe and in the world”.

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Russia is the world’s third-largest oil producer, but the impact on U.S. oil imports would be “minimal” compared to allies, administration officials told Fox News.

US Secretary of State Antony Blinken speaks during a joint press conference with Estonian Prime Minister Kaja Kallas as they meet, in Tallinn, Estonia, Tuesday, March 8, 2022. (AP Photo/ Raul Mee)

US Secretary of State Antony Blinken speaks during a joint press conference with Estonian Prime Minister Kaja Kallas as they meet, in Tallinn, Estonia, Tuesday, March 8, 2022. (AP Photo/Raul Mee/AP Newsroom)

Russian oil exports account for about a third of Europe’s oil imports, however, for the United States, Russian exports represent just under 10% of total United States imports.

“We’re also very aware, as we have these conversations and consult with our partners, that there would be — that we have different abilities and capabilities,” Psaki said.

An administration official echoed PSAki’s comments, saying they “recognize that the United States has a different set of capabilities and impact mitigation capabilities than other allies and partners.”

“When we say we’re engaging with allies and partners on this, we’re talking about working with a range of countries around the world – both energy producers and those with oil reserves. – to deal with the impact of energy price pressures,” the official added.

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Democrats and Republicans in Congress have also said it may be time to ban Russian imports.

These are the gas prices at the pump at a Sheetz store in Sewickley, Pa., Monday, March 7, 2022. (AP Photo/Gene J. Puskar) (AP Newsroom)

Moderate Republicans and Democrats are calling for increased US energy production, with GOP lawmakers criticizing the Biden administration for shutting down US oil and gas pipelines.

Asked about possible congressional legislation to ban imports of Russian oil into the United States, and whether the president would sign such legislation, Psaki joked, “Is there a bill on the way here that has been passed by Congress? I don’t think so.”

“The president hasn’t made a decision at this time,” she said. “So that’s where we are.”

Meanwhile, the president’s expected announcement will come just a day after Zelenskyy called for additional sanctions and “boycotts” of Russian oil by the West.

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Zelenskyy said Ukraine “decided the future of the continent with our resistance”.

“If the invasion continues and Russia does not change its plans, then the new sanctions package is necessary,” Zelenskyy said. “New sanctions measures against war, for the sake of peace.”

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Zelenskyy called for a “boycott of Russian exports, namely the refusal of oil and petroleum products from Russia”.

“It can be called embargo, but it can also just be called morality when you refuse to give money to a terrorist,” Zelenskyy said, adding that there should also be a boycott of imports in Russia, saying that if Moscow doesn’t want to “follow civilized rules, then they shouldn’t get goods or services from civilization either.”