re:News Flash It`s Time 4 A Big Reality Check

Kent WA

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WASHINGTON (AP) — President Joe Biden announced Tuesday the U.S. will ban all Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine, but he acknowledged it will bring costs to Americans, particularly at the gas pump. The action follows pleas by Ukrainian President Volodymyr Zelenskyy to U.S. and Western officials to cut off the imports, which had been a glaring omission in the massive sanctions put in place on Russia over the invasion. Energy exports have kept a steady stream of cash flowing to Russia despite otherwise severe restrictions on its financial sector. “We will not be part of subsidizing Putin’s war,” Biden declared, calling the new action a “powerful blow” against Russia's ability to fund the ongoing offensive. "In 2021, the U.S. imported an average of 209,000 barrels per day (bpd) of crude oil and 500,000 bpd of other petroleum products from Russia. Although Russian crude accounts for only three percent of U.S. crude oil imports and about one percent of total crude oil processed by U.S. refineries—Russian crude oil imports are important to refineries on the West Coast and Gulf Coast." https://www.afpm.org/newsroom/blog/oil-and-petroleum-imports-russia-explained