“Russia is one of the largest oil producers in the world.

We cut off the supply of Russian oil to the United States, and our partners in Europe did the same, knowing that we would face an increase in gasoline prices, ”RIA Novosti quotes Biden. 

He noted that the United States could "turn a blind eye" to the special operation and avoid rising prices, but "that would be wrong."

Earlier, the president of the US Oil and Gas Association, Tim Stewart, announced the worst energy crisis in the country in half a century.

Biden accused Russian leader Vladimir Putin of rising fuel prices and rising food prices.

As Putin himself noted, the sanctions and the West's long-term mistakes in the economy caused a wave of global inflation.