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AP Source: Biden to ban Russian oil imports over Ukraine war

In this image provided by the White House, President Joe Biden listens during a secure video call with French President Emmanuel Macron, German Chancellor Olaf Scholz and British Prime Minister Boris Johnson in the Situation Room at the White House Monday, March 7, 2022, in Washington.

WASHINGTON — President Joe Biden has decided to ban Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine, according to a person familiar with the matter.

The move follows pleas by Ukrainian President Volodymyr Zelenskyy to U.S. and Western officials to cut off the imports.

Energy exports have kept a steady influx of cash flowing to Russia despite otherwise severe restrictions on its financial sector.

Biden was set to announce the move Tuesday, the person said, speaking on the condition of anonymity to discuss the matter before an announcement.

 

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Associated Press

Associated Press

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