Economic War
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Posted on 03/08/2022 6:09:27 AM PST by shadowlands1960
WASHINGTON — 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.
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 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.
Biden was set to announce the move as soon as Tuesday, the person said, speaking on the condition of anonymity to discuss the matter before an announcement. The White House said Biden would speak Tuesday morning to announce “actions to continue to hold Russia accountable for its unprovoked and unjustified war on Ukraine.”
The U.S. will be acting alone, but in close consultation with European allies, who are more dependent on Russian energy supplies. Natural gas from Russia accounts for one-third of Europe’s consumption of the fossil fuel. The U.S. does not import Russian natural gas.
Biden had explained his reluctance to impose energy sanctions at the outset of the conflict two weeks ago saying that he was trying “to limit the pain the American people are feeling at the gas pump.”
The news of his decision Tuesday was first reported by Bloomberg.
(Excerpt) Read more at politico.com ...
Somehow, I think the Biden Junta is just beginning.
Have you all noticed that rarely if ever is biden shown in the Oval Office?
He’s pretty frail... I don’t really expect him to complete this term.
He would have to interact with too many people and then too many people would question his cognitive status. Kinda like people noticed that Mueller had lost his mind during his "investigation"
But instead of producing our own, we’ll buy from the Saudis. We need to become energy independent.
He does seem to prefer the fake wall stage set, doesn't he?
I think someone else is sitting there. They have never really explained why he uses the fake Oval Office across the street.
I'm surprised he's lasted this long. I figured that even his own party would declare him unfit for office and have him removed by now. I still think it'll happen.
Putin has already said he considers this an act of war
Biden causing global catastrophe when no one else will
This administration and the Left are leading us to destruction.
He sure found his stride.
Bad things tend to happen when phony elections happen followed by seizing power under military guard.
The US oil companies that were importing Russian oil already switched out over a week ago and replaced that supply from other energy producing nations. Biden is a day late and a dollar short with his ban which he is now doing for political optics. Unfortunately, he was looking to replace that Russian oil with Venezuelan oil, anything but Canadian oil or, heaven forbid, oil fracked in the US. In his little mind, our enemies make safer oil than we do.
Without allowing the XL Pipeline I see gas going to $8.00. They really want you to buy an electric car
Even $10 /gal is possible. This will be catastrophic in America more than most places... Americans are big time commuters...
Biden causing global catastrophe when no one else will.
Or...obama et al causing global catastrophe in the shadows while carcass Biden gets the blame. Pretty good plan, actually.
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