Biden explained that the United States will increase oil production to counteract the progressive energy isolation.
In addition, promised to work “closely” with European partners to develop a long-term strategy to gradually reduce dependence on energy from Russia.
The Democratic president insisted on his defense of renewable energy, stating that “this is a reminder that the United States must accelerate the transition” to that source, which would allow it to have more independence.
Rumors about the oil embargo against Moscow gained strength during the morning, with several familiar sources anticipating the measure to the main US media such as CNN and Bloomberg, or to the international agency Reuters.
In line, and after the European partners warned Biden that they were not willing to move in that direction against Russia, this Tuesday the US Secretary of State, Antony Blinken told Europe that it is “imperative” to stop relying on Russian energy.
40% of the gas used by Europe is provided by Russia. On Monday the German Chancellor, Olaf Scholzwas categorical when he put a stop to Ukraine’s pressure for the European Union to apply sanctions against the Russian oil sector.
“Energy imports from Russia are essential for Europe”, said the German head of state, who stressed that there is currently no way to replace them.
Germany has already suffered with what was the first major sanction against Russia for the invasion of Ukraine. This is the stoppage of the certification of the strategic gas pipeline North Stream 2which would guarantee the supply of gas from Moscow to Berlin without passing through Kiev.
Biden’s decision to act alone is a change in his diplomatic strategy and, according to the Politico site, is a consequence of the US president’s interest in prevent Congress from announcing the measure before your administration, since the bipartisan agreement to go in that direction is growing.
The White House forecasts is that the ban on Russian oil imports would trigger fuel prices, affecting inflation rates.
As a containment measure, the Biden administration began exploring reviving business ties with Venezuelaalso under economic sanctions imposed during the presidency of donald trump.
Oil prices soared with the new sanctions against Russia. Benchmark Brent crude for May rose 6.57% to $131.37 a barrel.
The ban could send global prices soaring as high as $200 a barrel, analysts at Oslo-based consultancy Rystad Energy said.
Source: Ambito
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