Democrats, Republicans Reach Deal to Ban Russian Oil

President Joe Biden is coming under increasing pressure from Capitol Hill to ban importation of Russian oil.

Many Republicans and a growing number of Democrats in the House and Senate, including House Speaker Nancy Pelosi, D-Calif., have endorsed banning Russian crude as a way to put more pressure on Russian President Vladimir Putin to end the shelling of Ukraine.

On Monday, a bipartisan group of committee chairmen reached agreement on legislation to ban Russian oil imports and suspend normal trade relations status with Russia and its ally, Belarus — the latter move could lead to steep tariffs on other goods from the two countries.

After a closed-door background briefing on Ukraine, a bipartisan group of senators publicly supported a Russian oil ban.

Prices at the pump were rising long before Russia invaded Ukraine and have spiraled faster since the start of the war. The U.S. national average for a gallon of gasoline has soared 45 cents a gallon in the past week and topped $4.06 on Monday, according to auto club AAA.


popular today