U.S. expected to announce ban on Russian oil as soon as today

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U.S. expected to announce ban on Russian oil as soon as today
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The U.S. is expected to announce as early as today that it will ban imports of Russian oil, NBC News reported.

The White House and the Department of Energy did not immediately respond to requests for comment. But the White House updated President Joe Biden's daily schedule Tuesday morning to include an announcement of new U.S. actions intended to "hold Russia accountable for its unprovoked and unjustified war on Ukraine."The U.S. imported about 672,000 barrels a day from Russia in 2021, according to figures from the Energy Information Administration.

Most of the country's crude oil and petroleum imports come from Canada, Mexico and Saudi Arabia, making the U.S. far less dependent on Russian oil than many of its European partners. Russian President Vladimir Putin's actions have provoked an unprecedented international reaction, as dozens of countries slap crippling sanctions on the Kremlin, its ultra-rich oligarchs and even Putin himself. Russia's currency has plummeted in value and its stock market has closed, while a growing list of companies have pulled their business out of the country.vowed to immediately stop all purchases of Russian crudeIn the U.S.

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