Biden Says U.S. Will Ban Russian Oil Imports in Response to Putin’s Invasion of Ukraine

President Joe Biden on Tuesday announced that the U.S. will ban imports of Russian oil, a major escalation in the international response to Moscow’s invasion of Ukraine.

The move came as Western-allied nations work to sever Moscow from the global economy to punish Russian President Vladimir Putin for his unprovoked aggression.

“Today I am announcing the United States is targeting the main artery of Russia’s economy. We’re banning all imports of Russian oil and gas and energy,” Biden said at the White House. “That means Russian oil will no longer be acceptable at U.S. ports and the American people will deal another powerful blow to Putin’s war machine.”

“This is a step we’re taking to inflict further pain on Putin,” Biden said.

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Source: CNBC