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Monday, September 26, 2022

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 updated President Joe Biden’s schedule for the day to include an announcement of additional steps the U.S. will take to “hold Russia accountable for its unprovoked and unjustified war on Ukraine.”

The U.S. is expected to announce as early as Tuesday that it will ban imports of Russian oil, NBC News reported, citing two sources familiar with the matter.

The White House and the Department of Energy did not immediately respond to CNBC’s requests for comment. But the White House on Tuesday morning updated President Joe Biden’s schedule for the day to include an announcement of new U.S. actions intended to “hold Russia accountable for its unprovoked and unjustified war on Ukraine.”

Biden will deliver those remarks from the White House at 10:45 a.m. ET, the updated schedule said.

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