President Biden announces US ban on Russia energy imports, saying he's targeting 'the main artery' of their economy.
"Today I am announcing the United States is targeting the main artery of Russia's economy. We're banning all imports of Russian oil and gas and energy," Biden said in remarks from the White House."That means Russian oil will no longer be acceptable at US ports and the American people will deal another powerful blow to Putin's war machine.
The move comes as gas prices skyrocket in the US as Russia's invasion of Ukraine rocks the global oil market. The average price for a gallon of regular gas broke its 2008 record, hitting $4.14 on Monday, according to the Oil Price Information Service, the firm that collects and calculates prices for AAA. That breaks the previous record of $4.11 a gallon that has stood since July 2008.