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The US is negotiating with allies to ban Russian oil imports

Secretary of State Antony Blinken said Sunday the US is in talks with its European allies about a ban Oil imports from Russia as a means of cutting off a lucrative source of revenue for President Vladimir Putin to finance his war in Ukraine.

“If it’s about oil, about Russian oil, I’m with you yesterday[Präsident Biden]and other cabinet members on the phone on precisely this issue, and we are now speaking to our European partners and allies to look at the prospect of banning imports of Russian oil in a coordinated manner, while ensuring that it is still a reasonable price on world markets oil supply,” Blinken said on[PresidentBiden}andothermembersoftheCabinetonexactlythesubjectandwearenowtalkingtoourEuropeanpartnersandalliestolookinacoordinatedwayattheprospectofbanningtheimportofRussianoilwhilemakingsurethatthereisstillanappropriatesupplyofoilinworldmarkets”Blinkensaidon[PresidentBiden}andothermembersoftheCabinetonexactlythesubjectandwearenowtalkingtoourEuropeanpartnersandalliestolookinacoordinatedwayattheprospectofbanningtheimportofRussianoilwhilemakingsurethatthereisstillanappropriatesupplyofoilinworldmarkets”BlinkensaidonCNN’s State of the Union.

“It’s a very active discussion as we speak,” he said

The US and its Western allies have imposed a series of sanctions on Russian banks, Putin and the oligarchs who make up his inner circle, but have been reluctant to ban Russian oil imports into the US because doing so has already entailed sky-high gas prices pull would rise even more.

But preventing Moscow from exporting its oil would deal a serious blow to Russia third largest oil producer in the world.

White House Press secretary Jen Psaki said last Friday that the administration is “looking at options under pressure from bipartisan lawmakers in Congress.

Legislation introduced last week
Legislation introduced last week “would declare a national emergency over Russian aggression and immediately ban imports of Russian energy products.”
Yuri SmityukTASS via Getty Images

“We’re looking at options we could take now to reduce US consumption of Russian energy, but we’re very focused on minimizing the impact on families. If you reduce supply on the world market, you will increase gas prices,” she told reporters at the daily briefing.

“They’re going to raise the price of oil and that’s what the President is very aware of and focused on,” she said.

Sen. Joe Manchin, a Democrat from West Virginia, and Lisa Murkowski, a Republican from Alaska, introduced legislation banning Russian imports last week.​

Should the US and other European allies impose sanctions on Russian oil, it would seriously hamper the Russian economy.
Should the US and other European allies impose sanctions on Russian oil, it would seriously hamper the Russian economy.
Yuri SmityukTASS via Getty Images

The legislation “would declare a national emergency over Russian aggression and immediately ban imports of Russian energy products,” Manchin, chair of the Senate Committee on Energy and Natural Resources, said in a statement.

Mankhin, who was among the congressmen who participated in Saturday’s Zoom call with Ukrainian President Volodymyr Zelenskyy, said disrupting Russian oil imports would punish Putin for his invasion.

He said his constituents in the mountain state knew “it’s basically foolish for us to keep buying products and giving money to Putin to use against the Ukrainian people.”

The senator said gas prices were already approaching $4 a gallon and, “It wasn’t that.

“Inflation has already wreaked havoc on it now and basically what we’re going to say is that we’re going to sit back now because we fear it might go up a little bit more – it might go up anyway. We haven’t done anything. I’m willing to do at least something,” he said “Meet the Press” by NBC News.

He added that the US could increase domestic energy production while shifting to cleaner fuel technologies.

The US imported an average of around 20.4 million barrels of crude oil and refined petroleum products each month in 2021 energy information managementaccounting for about 8 percent of US fuel imports.​

https://nypost.com/2022/03/06/blinken-us-in-talks-with-allies-to-ban-imports-of-russian-oil/ The US is negotiating with allies to ban Russian oil imports

JACLYN DIAZ

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