A proposal to halt Russian oil imports to the U.S. has gained bipartisan backing in Congress:
Sen. Lisa Murkowski, R-Alaska, right, and Sen. Joe Manchin, D-W.Va., left, speak about the bill to ban Russian energy imports, Thursday, March 3, 2022, on Capitol Hill in Washington.
A Russian oil ban could draw momentary alliance of lawmakers on the left and right — Democrats fighting climate change who want to lessen the U.S. reliance on fossil fuels; Republicans who want to boost U.S. energy production at home; and the great majority of lawmakers of both parties who want to stop Putin’s war.
“There is a moral obligation here: I don’t want U.S. dollars to be funding this, this carnage in Ukraine led by Putin,” Murkowski said. Still, Biden has resisted, fearing a ban could further disrupt global markets and raise already high prices at the pump. He also risks backlash from climate change activists who say U.S. officials must not use the Ukraine war to expand oil or gas drilling in the U.S., a step Republicans have been urging. Gas prices in the U.S. averaged nearly $3.73 a gallon Thursday, up almost $1 from a year ago, according to AAA motor club.
Russian oil and gas exports have loomed over national security policy in the U.S. and its Western allies. The energy sector is vital to the Russian economy and the industry is a political force that leaves countries reliant on Putin’s regime. Oil prices globally spiked with the Russian invasion of Ukraine, shaking markets.
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