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“Biden will announce the Russian oil embargo”

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Joe Biden will announce new «actions to continue to hold Russia accountable for its unprovoked and unjustified war in Ukraine ”, the White House announced. The president will speak at 10.45 local time, 16.45 in Italy.

According to US media, he will announce the Russian oil embargo today. In the United States, the Bloomberg agency had already anticipated the possible move, that of a ban on the import of Russian oil, without the participation of the allies, already today. The ban also includes liquefied natural gas and coal, and the effects are already being felt: oil flies to New York after rumors. WTI quotations jumped 4.5% to 124.66 dollars a barrel.

The US will make their move unilaterally without the European allies – specify sources cited by CNN – due to disagreements among Europeans regarding the advisability of banning energy supplies from Russia. Given the great internal political pressure, with the US Congress moving quickly to approve bipartisan measures in favor of the energy embargo, the Biden administration concluded the sources – it would have decided to move without the coalition.

Last updated: Tuesday 8 March 2022, 15:13