US President Joe Biden announced a ban on Russian oil and gas on Tuesday, in a bid to pile more pressure on Vladimir Putin to halt his devastating campaign in Ukraine.

“That means Russian oil will no longer be acceptable in US ports and the American people will deal another powerful blow to Putin’s war machine,” Biden said while briefing reporters at the White House.

The move comes a week after a group of US Republican Senators held a press conference, pressuring the Biden White House to immediately ban Russian oil imports in the country, and revamp the US Energy Sector.

Britain also announced earlier that it will phase out imports of Russian oil and oil products by the end of 2022 and consider banning its natural gas, joining other countries, including the United States, in a move to punish Moscow for it’s assault on Ukraine.

As part of a global response to the war, Britain, US, and others are seeking ways to deprive Moscow of being able to fund his war, as most of Russia’s income comes from oil and gas export. The move is also aimed at cutting their use and dependent on Russian oil and other energy export.

“In another economic blow to the (Vladimir) Putin regime following their illegal invasion of Ukraine, the UK will move away from dependence on Russian oil throughout this year, building on our severe package of international economic sanctions,” Prime Minister Boris Johnson said in a statement.

“Working with industry, we are confident that this can be achieved over the course of the year, providing enough time for companies to adjust and ensuring consumers are protected,” he added.

Shell and McDonald’s are the latest companies to announce a pullout from Russia over its invasion of Ukraine, as more companies are under immense pressure to do the same.

Also on Tuesday, the European Commission published plans to cut the EU’s dependency on Russian gas by two-thirds this year and end its reliance on Russian supplies of the fuel “well before 2030”.

Leave a Reply

Your email address will not be published.