US bans Russian oil, gas

March 8, 2022

The move to ban imports from Russia is seen as a support to war-torn Ukraine….reports Asian Lite News

The US on Tuesday banned all oil and gas imports from Russia, President Joe Biden said in a Twitter post.

“Today, I’m announcing that the United States is targeting a main artery of Russia’s economy. We are banning all imports of Russian oil and gas,” he tweeted.

The move to ban imports from Russia is seen as a support to war-torn Ukraine.

In another tweet, Biden said that Americans have rallied to support the people of Ukraine and made it clear that the country will not be part of subsidising Russian President Vladimir Putin’s war.

“This decision today is not without costs here at home. Putin’s war is already hurting American families at the pump — and this will drive up costs further. So, I will take every step we can to minimise Putin’s price hike here at home,” Biden said.

Separately, the US has already announced a collective release of 60 million barrels of oil from the strategic petroleum reserves of the US and its partners. Half of the strategic reserves will come from the US.

“We’re taking steps to ensure a reliable supply of global energy. And we’re going to keep working with every tool at our disposal to protect American families and businesses,” Biden said.

ALSO READ: Biden likely to sign executive order on cryptocurrency soon

Previous Story

Hijab row: Bengaluru Police extend prohibitory orders till March 22

Next Story

All Indian students have left Sumy, says MEA

Latest from -Top News

Sisi, MBZ cement ties

UAE and Egypt bolster ties through high-level talks in Abu Dhabi and a landmark cardiac care initiative delivering lifesaving treatment to rural

70,000 Gaza kids starve

WFP warned that any further escalation of conflict could paralyse relief operations altogether, deepening the plight of civilians—especially children, the elderly, and

Prayers on the Mount

The Day of Arafat, considered the pinnacle of the Hajj pilgrimage, witnessed a congregation of believers from around the world As the

EID MUBARAK!

UAE marks Eid Al Adha with housing support, children’s gifts, pardons, and cultural celebrations, reflecting a national spirit of compassion, unity, and

Don't Miss