The White House says no decision has been made on whether the United States will ban Russian oil imports in response to Russia’s invasion of Ukraine. This comes as oil and gas prices reach record highs, the Biden administration continues talks with large oil producers around the world, and a bipartisan group of lawmakers announce plans for legislation banning Russian energy imports. “No decision has been made at this point by the president about a ban importing oil from Russia,” White House press secretary Jen Psaki told reporters on Monday. Earlier in the day, members of the House Ways and Means Committee and the Senate Finance Committee announced plans for a bill that would provide U.S. President Joe Biden the authority to increase tariffs on goods from Russia and Belarus, and would require U.S. Trade Representative Katherine Tai to seek suspension of Russia’s participation in the World Trade Organization (WTO). …
White House: ‘No Decision’ on Whether to Ban Russian Oil
March 7, 2022
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Business & EconomycommoditiesEnvironmentEuropeExecutive BranchJen PsakiJoe BidenMarketsPoliticsRussiaRussia-Ukraine WarScienceUSUS NewsWhite HouseWorld
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