Biden says U.S. will ban Russian oil imports in response to Putin’s invasion of Ukraine

Biden says U.S. will ban Russian oil imports in response to Putin’s invasion of Ukraine

Employees pass beneath pipes leading to oil storage tanks at the central processing plant for oil and gas at the Salym Petroleum Development oil fields near the Bazhenov shale formation in Salym, Russia.
Andrey Rudakov | Bloomberg | Getty Images

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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