Biden Announces U.S. Ban On Russia Oil Exports

President Joe Biden announced Tuesday that the U.S. will ban imports of Russian oil and other energy products.

The move is expected to trigger sharply higher gasoline and other energy prices in the U.S. and worldwide.

Speaking from the White House, he said “the United States is targeting the main artery of Russia’s economy” and said it means “the American people will deal another powerful blow to Putin’s war machine.”

The decision was made in “close consultation” with U.S. allies, Biden said, some of whom he said would not be “in a position” to do the same, but he stressed the alliance remained united.