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https://twitter.com/i/events/1483255084750282753
President Biden announces ban on Russian energy imports
During his White House remarks, President Joe Biden announced a ban on Russian oil and other energy imports in response to the invasion of Ukraine. Biden acknowledged that the move would drive up US energy and gas prices for Americans, saying, “Defending freedom is going to cost.” According to The Associated Press, the US will make the move unilaterally but are acting in close consultation with European allies, who are more reliant on Russian energy supplies and may not be able to join in immediately.
Video via President Biden announces ban on Russian energy imports
What you need to know
- Biden announces US ban of Russian oil imports
- The regional prosecutor's office says at least 21 people were killed in Sumy on Monday after it was partially encircled and heavily shelled by Russian forces
- According to the High Commissioner for the United Nations Refugee Agency, 2 million people have fled Ukraine in the days since the Russian invasion began
- Shell's CEO Ben van Beurden announced that the company will stop buying crude oil from Russia and will close its service stations
"The action 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 stream of cash flowing to Russia despite otherwise severe restrictions on its financial sector." — The Associated Press
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