BREAKING: 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.
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."
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."Florida gas prices soar to record high, passing $4 per gallon