Calls for U.S. to ban Russian oil gain momentum despite inflation concerns

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Calls for U.S. to ban Russian oil gain momentum despite inflation concerns
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An increasing number of Republicans and Democrats are calling for a U.S. import ban to punish President Vladimir Putin.

Sunday. The United States severed diplomatic ties with Venezuela in 2019 after allegations of electoral fraud in the country, and it has heavy sanctions in place on the oil-rich nation.Some pundits and former lawmakers say a restart could help ease oil-supply concerns even as Venezuela itself has in recent years forged closed economic and political ties with Russia.

Some lawmakers said the United States had the capacity to make up for Russian purchases by tapping energy reserves at home.

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