HomeTop NewsBiden announces ban on Russian oil and gas

Biden announces ban on Russian oil and gas


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The U.S. president has condemned Vladimir Putin’s clear statements and Russia’s occupation of Ukraine. Joe Biden The United States has imposed sanctions on Russian oil and Russian oil.

“We are banning Russian oil and gas imports,” Biden said in a statement. “We are united and we do not fund Putin’s war.

In his speech, Joe Biden expressed his support for Ukraine and its President, Volodymyr Zhelensky, and noted their loyalty to the implementation of NATO Rule 5 on the security of the Allied territories. “We continue to impose sanctions that will cause problems in Russia,” he said. In this way, he wanted to emphasize that actions against Russia create a new reality.

See Biden Announcements:


The US President said that the Russian offensive was causing loss to all of us and pointed out that some people did not want to benefit from the current situation. “It is not true that we have delayed oil production in the United States,” he said, adding that the first quarter of his term was longer than before.

read more: Biden returns to Maduro for oil

However, he acknowledged that their numbers were not enough to defeat Europe’s allies. The United States produces more oil domestically than Europe as a whole. Biden said. He said the United States was working with allies to develop a long-term strategy to “keep the pressure on Putin.” He said the United States had imposed the most important sanctions in history and had “crippled” Russia’s economy. He later urged Europeans to reduce their dependence on Russia for energy.

Speaking about the Ukrainian people and the opposition to the Russian invasion, Mr. Biden, ““The Ukrainian people have encouraged us with a determination to be free.” Putin continues his assassination process regardless of the cost, the US president said, “we have seen schools and hospitals bombed.” He said Putin could win a city, but never.Not going to capture Ukraine It will not be recorded as a success. “We will provide them with assistance, security and funding because they are fighting for independence,” he told the Ukrainians.

Moscow North Stream I threatened the ban

Meanwhile, the future of European gas rose to 32 percent after Russia threatened to cut off gas supplies to Europe via the Nord Stream I pipeline in response to the Russian oil embargo. Thus he mentions Newmoney.gr Warns that the price of oil for a large gas pipeline to Germany and Moscow could exceed $ 300.

However, according to Deputy Prime Minister Alexander Novak, no decision has been made yet. Yesterday, Monday, gas prices rose 79%. The North Stream supplied 59 billion cubic meters of natural gas to Europe last year, accounting for about 40% of Russia’s exports to the European continent.

“The rejection of Russian oil will have catastrophic consequences for the world market,” Deputy Prime Minister Alexander Novak told Russian state television, adding that a barrel of oil would exceed $ 300.

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