The US President, Joe Biden has announced ban on importation of oil and gas from China. Biden made this known through his social media platform.
In his words: “We’re banning all imports of Russian oil and gas and energy”.
“That means, Russian oil will no longer be acceptable at U.S. ports and the American people will deal another powerful blow to Putin.”
Earlier, Joe Biden has lamented that Russia war in Ukraine was causing price hike in his country.
In his words “This decision today is not without costs here at home. Putin’s war is already hurting American families at the pump — and this will drive up costs further. So, I will take every step we can to minimize Putin’s price hike here at home.
“In coordination with our partners, we have already announced a collective release of 60 million barrels of oil from our Strategic Petroleum Reserves— half of that from the United States. We’re taking steps to ensure a reliable supply of global energy. And we’re going to keep working with every tool at our disposal to protect American families and businesses.
“Let me say to the oil and gas companies and finance firms that back them: We understand that Putin’s war against the people of Ukraine is causing prices to rise. But that is no excuse for excess price increases, or padding profits, or any kind of effort to exploit this situation,” he concluded.