US strikes harder at Putin, banning all Russian oil imports
Americans will feel pain at the gas pump, President Joe Biden acknowledged
March 9, 2022
WASHINGTON - Striking harder at Russia's economy, President Joe Biden on Tuesday ordered a ban on Russian oil imports in retaliation for Vladimir Putin's onslaught in Ukraine. The major trade action, responding to the pleas of Ukraine's embattled leader, thrust the U.S. out front as Western nations seek to halt Putin's invasion.
Americans will feel pain, too - at the gas pump - Biden acknowledged, declaring, "Defending freedom is going to cost."
The imports have been a glaring omission in the massive sanctions put in place on Russia over the invasion. Energy exports have kept a steady stream of cash flowing to Russia despite otherwise severe restrictions on its financial sector.