Biden announced to take action on Russian oil!

　　China News Service, March 9th. On the 8th local time, US President Biden delivered a televised speech, once again escalating sanctions against Russia - banning the import of Russian oil and natural gas to intensify the blow to the Russian economy.

　　European countries are at different paces on this.

The United Kingdom confirmed that the same sanctions will be implemented gradually; the European Union, which is more dependent on Russian energy, said it will cut Russian gas imports by two-thirds within this year and suspend its dependence on Russian energy supplies as early as 2030. .

　　Recently, under the influence of multiple factors such as the conflict between Russia and Ukraine and Western sanctions against Russia, international oil prices have soared.

Russia has warned that a Western abandonment of Russian oil would have disastrous consequences for world markets.

Data map: US President Biden.

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　　On the 8th local time, Biden delivered a televised speech announcing a ban on energy imports from Russia.

Import bans include Russian oil, liquefied natural gas, and more.

　　Biden said the U.S. has imposed the toughest sanctions in history against Russia, which will hurt the Russian economy.

　　He also said the decision was made after close consultation with allies, and he understood that some allies in Europe could not take the same action.

　　With the recent rise in international oil prices, domestic gasoline prices in the United States have approached the highest since July 2008.

Biden also mentioned in his speech that day that the sanctions will further increase international oil prices, and "the United States will pay for it."

Data map: On November 16, 2021, a car owner refueled at a gas station in San Mateo County, California, United States.

Gasoline prices in California hit an all-time high on the day, with the average price of regular gasoline soaring to $4.687 a gallon, the highest of any state in the country, according to the AAA.

　　In this regard, Biden also said that he will continue to work to reduce the pressure on American households due to rising energy prices and reduce the United States' dependence on foreign oil and fossil fuels.

The U.S. government has pledged to release more than 90 million barrels of oil from the Strategic Petroleum Reserve this fiscal year.

　　U.S. House of Representatives Speaker Nancy Pelosi later announced that the House of Representatives will advance legislation on the 8th to ban U.S. imports of Russian oil.

According to Pelosi, the bill contains three main provisions that would further isolate Russia from the global economy and make it more vulnerable in every way.

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　　At the same time as Biden's televised speech, British Business Secretary Quasik Watten confirmed on social media that Britain would phase out imports of Russian oil and petroleum products by the end of 2022.

　　British companies should use the rest of the year to ensure a smooth transition, he said, adding that a new oil task force would be established.

　　But banning Russian oil could put further upward pressure on UK energy prices.

Britons are already facing a cost-of-living crisis due to soaring inflation, and the tax burden is set to hit its highest level since the 1950s, Bloomberg said.

　　Compared with the United Kingdom and the United States, the European Union is more dependent on Russia's oil and gas resources, and about 40% of its natural gas supply comes from Russia.

Data map: German Chancellor Scholz.

　　Earlier, the European Union announced that it would cut Russia's natural gas imports by two-thirds this year and end its dependence on Russia's energy supply as early as 2030.

　　But making the plan a reality will require a concerted effort by EU member states, most of whom are uneasy about the need for investment in the EU's energy transition plan and working to curb the political impact of energy costs.

　　Germany is the party that explicitly objected.

German Chancellor Scholz said that Germany will continue to buy natural gas, oil and coal from Russia.

　　"There is currently no other way to secure heating, transport, electricity supply and industrial energy supply in Europe," he said, and securing energy supplies is vital to citizens' daily lives.

Data map: On March 6, 2022 local time, a car owner refueled his vehicle in San Mateo County, California, United States.

The American Automobile Association's National Average Gasoline Price Monitor report showed that the average price of regular gasoline in the United States reached $4.009 a gallon that day, the highest average gasoline price since the summer of 2008.

Photo by China News Agency reporter Liu Guanguan

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　　Russian Deputy Prime Minister Novak warned on the 7th that the abandonment of Russian oil by the West will have catastrophic consequences for world markets, and the surge in oil prices will be unpredictable and may even exceed $300 a barrel.

　　Novak also pointed out that Russia has every right to take tit-for-tat actions against the sanctions on Nord Stream 2 and stop the delivery of natural gas through Nord Stream 1, but Russia has not done so.

　　The "Beixi No. 1" pipeline was completed in May 2011, and was officially put into use for gas transmission to Europe in November of the same year.

The pipeline is currently operating at full capacity.

　　He said that Russia had every right to make a reciprocal response to the relevant words and deeds of Europe and the United States, "but so far, we have not made this decision. Because no one will benefit from it, despite the statements of European politicians and the accusations against Russia. is pushing us to do that."