U.S. banning imports of Russian oil, natural gas, coal: Biden
美, 러시아 원유 수입 금지…"푸틴에 강력한 타격" In its latest move to punish Russia for its invasion of Ukraine,... the U.S. is cutting off Russia from importing its oil to the United States. President Biden said the move targets the main artery of Russia's economy. However, it is also going to have a domestic impact with Biden admitting Americans will have to pay even higher prices at the pump. Kim Hyo-sun has more. President Biden announced Tuesday that the U.S. is banning imports of Russian oil, natural gas, and coal,... in response to Moscow's invasion of Ukraine. "We're banning all imports of Russian oil and gas and energy. 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." Sanctions on Russia's oil and gas industry had mostly been viewed as off the table as American and European officials feared a global price spike. However,... there's increasing pressure on the Biden administration,... including from Ukraine's President and U.S. lawmakers on both sides of the aisle. However, addressing the nation,... President Biden acknowledged the move will lead to higher fuel costs for regular Americans. "I'm going to do everything I can to minimize Putin's price hike here at home. In coordination with our partners we've already announced that we're releasing 60 million barrels of oil from our joint oil reserves. Half of that, 30 billion, excuse me, is coming from the United States.” He said he would do what he can to minimize the impact of the import ban. The decision shuts off the relatively small flow of Russian energy into the U.S.,... which accounted for less than ten percent of its energy portfolio as of 2021,... of which only about three percent was crude oil. Soon after Biden's announcement,... the UK said it will phase out Russian oil imports by the end of 2022. Kim Hyo-sun, Arirang News. #Biden #Russia #Economy 📣 Arirang News(Facebook) : / arirangtvnews 📣 Arirang News(Twitter) : / arirangtvnews 📣 News Center(YouTube) : / newscenter_arirangtv 2022-03-09, 08:00 (KST)
