Antony Blinken: allies discuss banning Russian oil imports

Antony Blinken banning Russian oil
Share

Antony Blinken: allies discuss banning Russian oil imports

WASHINGTON, March 7 (Reuters) – The United States and European allies are exploring banning imports of Russian oil, US Secretary of State Antony Blinken said on Sunday, and the White House coordinated with key Congressional committees moving forward with their own ban.

Read Oil surges 10% in Asia, euro slides amid Russian-Ukraine war

Europe relies on Russia for crude oil and natural gas but has become more open to the idea of banning Russian products in the past 24 hours, a source familiar with the discussions told Reuters on Sunday.

Meanwhile, U.S. House of Representatives Speaker Nancy Pelosi also said in a Sunday letter that the chamber is “exploring” legislation to ban the import of Russian oil and that Congress intends to enact this week $10 billion in aid for Ukraine in response to Moscow’s military invasion of its neighbour.

The White House is also talking with the Senate Finance Committee and House of Representatives Ways and Means Committee about a potential ban, the source said.

Still, Blinken also stressed the importance of maintaining steady oil supplies globally.

“We are now in very active discussions with our European partners about banning the import of Russian oil to our countries, while of course, at the same time, maintaining a steady global supply of oil,” Blinken said in an interview on NBC’s “Meet the Press” show.

Check Out the Site Nestor Homepage for more stories like this one

Blinken, who is on a trip across Europe to coordinate with allies the response to Russia’s invasion of Ukraine, also said he discussed oil imports with President Joe Biden and his cabinet on Saturday. 

Japan, which counts Russia as its fifth-biggest supplier of crude oil, is also in discussion with the United States and European countries about possibly banning Russian oil imports, Kyodo News reported on Monday. 

U.S., European allies discuss banning imports of Russian oil  Reuters


Share

Dean Nestor

Learn More →

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Generated by Feedzy
%d bloggers like this: