The Biden administration is willing to move ahead with a ban on Russian oil imports into the United States without the participation of allies in Europe, two people familiar with the matter told Reuters, after Russia's invasion of Ukraine, APA reports quoting Reuters.
President Joe Biden is expected to hold a video conference call with the leaders of France, Germany and the United Kingdom on Monday as his administration continues to seek their support for a ban on the imports.
The White House is also negotiating with congressional leaders who are working on fast-tracking legislation banning Russian imports, a move that is forcing the administration to work on an expedited timeline, a source told Reuters
A senior U.S. official told Reuters that no final decision has been made but "it is likely just the U.S if it happens”
Oil prices have soared to their highest levels since 2008 due to delays in the potential return of Iranian crude to global markets and as the United States and European allies consider banning Russian imports.
Europe relies on Russia for crude oil and natural gas but has become more open to the idea of banning Russian products.
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