Biden set to ban US imports of Russian oil as soon as today

The ban will include Russian oil, LNG and coal, and the decision was made in consultation with European allies, say various sources.
Photo: Win Mcnamee/AFP/Ritzau Scanpix
Photo: Win Mcnamee/AFP/Ritzau Scanpix
By Annmarie Hordern, Jennifer Jacobs & Saleha Mohsin, Bloomberg News

The Biden administration is poised to impose a ban on US imports of Russian energy as soon as Tuesday without the participation of its European allies, according to people familiar with the matter.

The ban will include Russian oil, liquefied natural gas and coal, according to two people, who spoke on condition of anonymity. The decision was made in consultation with European allies, who rely more heavily than the US on Russian energy, another person said.

The people spoke on condition of anonymity ahead of the announcement owing to its sensitivity. Spokespeople for the White House National Security Council declined to immediately comment.

Russia’s gas and oil had so far been mostly spared from sanctions introduced by the US and European countries, due to concern over the economic impact, particularly on Europe, which has greater dependence on Russian oil and, in particular, natural gas. Canada has announced a ban on Russian crude oil.

Russian oil made up about 3 percent of all the crude shipments that arrived in the US last year, US Energy Information Administration data show. Overall, imports of Russian oil and petroleum products represented about 8 percent of the US total. US imports of Russian crude in 2022 have dropped to the slowest annual pace since 2017, according to the intelligence firm Kpler.

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