President Joe Biden issued a ban on the import of oil, gas and coal from Russia in an effort to punish the country for its invasion of Ukraine. He warned the move would require Americans to endure higher gasoline prices.
Biden, who had been hesitant to sanction Russian energy commodities, said Tuesday he made the decision after consulting with allied nations, including in Europe, which is reliant on Russian gas to generate electricity.
“We’re moving forward with this ban understanding that many of our European allies and partners may not be in a position to join us,” Biden said.
