Russia has continued to receive Sanctions from the west since it declared war on Ukraine. In one of the latest sanctions, President Joe Biden announced that the United States has banned Russian oil, gas, and energy imports.
Biden Targets Life Wires For Russia
President Biden in a Twitter announcement revealed the latest sanction targets the life wire of Russia’s economy, which is oil and gas. As such, the country has banned all Russian oil and gas imports.
Today, I’m announcing that the United States is targeting the main artery of Russia’s economy. We are banning all imports of Russian oil and gas.
Russia has one of the largest petroleum industries in the world. Available information shows that it has one of the largest oil reserves in the world, and at the same time, the country is a leader in natural gas exportation.