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U.S. ban on Russian oil imports heads to passage in House of Representatives By Reuters

by equitieswatch
March 10, 2022
in Commodities


© Reuters. FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford

WASHINGTON (Reuters) – A majority of the U.S. House of Representatives on Wednesday voted to impose a ban on imports of Russian oil and other energy products in retaliation for Moscow’s ongoing attack on Ukraine.

With the vote still underway, the Democratic-controlled House was poised to pass the bill after President Joe Biden on Tuesday used his executives powers to impose such a ban.

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