US President Biden: Announces US ban on Russian oil, gas and energy imports By Frank_Macro UnitedStates RussianFederation
The decision was made in consultation with the US's allies, Biden added, noting that he understood that many European allies that don't produce so much energy are not able to join the US. Biden said the US and its allies remain united in efforts to put pressure on Russian President Vladimir Putin to end his war in Ukraine.
Biden said that the current crisis is a reminder that the US must be energy independent and added that it should also motivate us to accelerate the move to cleaner energy. The transition to clean energy will eventually serve to lower energy costs, Biden noted. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.