The Biden administration is weighing a ban on U.S. imports of Russian crude oil as Congress races toward passing such a restriction to punish the Kremlin for its invasion of Ukraine.
Conversations are taking place within the administration and with the U.S. oil and gas industry on the impact such a move would have on American consumers and the global supply, according to people familiar with the matter.
WATCH: The White House may ban Russian oil imports. Annmarie Hordern reports.
Source: Bloomberg
Earlier this week, the White House publicly rebuffed suggestions from lawmakers that the U.S. ban Russian oil. But pressure has grown for a ban along with American outrage over Russia’s invasion, ...