Joe Biden's administration is ready to impose a ban on Russian energy imports from the US on Tuesday without the participation of its European allies, according to Bloomberg.
The ban will include Russian oil, liquefied natural gas and coal, according to the report. The decision was made in consultation with European allies, who are more dependent on the U.S. for Russian energy, a source who spoke to the news agency said.
The Biden administration has been under pressure to act even further since late last month, when Russian leader Vladimir Putin ordered an unprovoked and bloody invasion of Ukraine.
It is worth noting that the European Commission is also expected to present today its plan to diversify its energy sources and strengthen its energy security in order to reduce its dependence on Russia after the invasion of Ukraine.
European Union is promoting "escape routes" from Russian fuel
The European Union is preparing for its final decoupling from Russian gas as the Russian invasion of Ukraine continues and the 27 are in a "working" stalemate.
Most EU member states are calling for new gas suppliers to be found and the construction of renewable energy sources to be accelerated, while EU households and businesses are struggling to cope with ever-rising energy costs.
Today the European Commission is expected to present its proposals for decoupling from Russian gas, which will reportedly include a package of measures focusing on diversifying suppliers, boosting the construction This is a major gas pipeline to Germany, and Moscow warns that the price of oil will exceed $300.
However, no decision has yet been taken, Deputy Prime Minister Alexander Novak says.
Yesterday Monday, gas prices strengthened by up to 79%. Nord Stream supplied Europe with 59 billion cubic meters of gas last year, about 40% of Russian exports to the European continent.
"Dumping Russian oil would lead to catastrophic consequences for the world market," Deputy Prime Minister Alexander Novak said, speaking on Russian state television, saying oil would exceed $300 a barrel.
Source: protothema.gr
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