President Joe Biden is weighing an import ban on Russian oil and gas but is falling behind a bipartisan group of U.S. lawmakers, and even some allied heads of state, in targeting Russia’s energy sector.
The average price of gas hit $4.104 on Monday, an all-time high, but the Biden administration has actively stated that the carve-outs for Russian energy components included in Biden’s sanctions packages are designed to protect both the global oil supply and domestic gas prices. One senior White House official pointed the Washington Examiner to comments press secretary Jen Psaki made the previous week on the subject.
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