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The United States and Britain announced a ban on Russian oil imports. Other European Union (EU) nations are considering how to end Russia's dependence on natural gas. in response to the Russian invasion of Ukraine
U.S. President Joe Biden said the move was aimed at the main blood vessel that feeds the Russian economy. By Biden said The United States is banning all imports of Russian oil, natural gas and energy.
Biden said Under such action Russian oil will not be accepted at US ports. The decision was in close consultation with US allies.
At the same time, British Prime Minister Boris Johnson announced that Britain would stop importing Russian oil by the end of the year. and conceded that such action would not immediately affect Russia. But it will increase the pressure from what we have already seen in Russia. Let's not forget that the impact of the British-led sanctions will be severe.
Currently, the US imports about 8% of Russian oil and refined oil, while Britain imports 6% of Russian oil. However, the EU relies heavily on Russia's energy, so the US and British energy sanctions proposals are a huge hit. There was no immediate response from the EU.
The European Commission states that will turn to alternative energy and increase the use of clean energy faster to replace the shortage The goal is for Europe to reduce Russia's dependence on fossil energy before 2030.