The White House is considering whether it is possible to ban the import of Russian crude oil to the United States in order to punish the Russian authorities for invading Ukraine. Bloomberg writes about it.

Talks are underway within the administration and with the US oil and gas industry about the impact of such a move on US consumers and global supplies, according to people familiar with the matter..

A White House spokesman said no decision had yet been made..

According to the US Energy Information Administration, Russian oil made up only about 3% of all crude oil shipments entering the US last year..

Including other oil products, such as crude fuel oil, which can be used as a feedstock for the production of gasoline and diesel fuel, Russia accounted for about 8% of oil imports in 2021, although these supplies have been on a downward trend in recent months..

The White House is assessing whether this move will really harm the Russian economy or whether oil will simply go to other markets and raise gasoline prices in the United States..

In 2021, the United States, according to its own data, bought $17 billion worth of Russian oil (half directly, half through third countries). And the entire Russian oil export for the year amounted to $110 billion.

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Earlier it was reported that Biden allows the embargo on Russian oil.