Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Lebanese Health Ministry: 1 woman martyred, 11 wounded in Israeli strike on residential apartment in Nabatieh, South Lebanon.
Al Mayadeen's correspondent: Four civilians injured in Israeli strike that targeted house in Nabatieh al-Fawqa, South Lebanon.
Al Mayadeen's correspondent in South Lebanon: Israeli warplanes launch strikes on regions of al-Mahmoudiyah, al-Khardali
Al Mayadeen's correspondent in South Lebanon: Israeli aircraft execute series of strikes in Kfar Tibnit, South Lebanon.
Iranian ambassador in Beijing to Al Mayadeen: We hope that Europe and the US give up their illegal actions and authoritarian hegemony.
Al Mayadeen's correspondent: Israeli shelling targets displaced persons' tent in Al-Mawasi, Khan Younis, casualties were reported
IOF storm Jalazone camp, north of Al Bireh city in the occupied West Bank
Israeli media: A severe incident reported in Gaza some time ago
Israeli media: Military evacuation helicopters are transporting injured soldiers from Khan Younis
Israeli media: A security incident has been reported in Khan Younis, southern Gaza Strip

Biden to announce sanctions on Russian oil exports

  • By Al Mayadeen Net
  • Source: Agencies
  • 8 Mar 2022 19:27
  • 2 Shares
3 Min Read

The US desperately looks for alternatives from Saudi Arabia and Venezuela while taking a drastic decision in parallel with no clear fate.

  • x
  • Biden to announce sanctions on Russian oil exports
    Biden to announce sanctions on Russian oil exports

US President Joe Biden will be announcing that the US will ban all Russian oil, natural gas, and coal imports as a response to the Russian operation of Ukraine, according to a source close with the matter.

Congress and Ukraine have been pressuring Biden to sanction Russia's most paramount industrial sector, but he was hesitant to do so in fear that energy prices would rise and opposition of US allies in Europe.

Read more: Oil embargo would hit global market hard

The United Kingdom, furthermore, will also be announcing its ban on Russian oil - London imports most of its energy from Norway. However, it will not be banning natural has. 

Related News

Zelensky presses EU to tighten oil price cap as sanctions talks stall

EU delays exit proposal from Russian energy amid geopolitical shifts

Today, the European Commission has recently released a plan to reduce European dependency on Russian gas by two-thirds before the end of the year, and completely abandon Russian energy before 2030.

Just yesterday, top European leaders said that they will not abandon Russian gas, because there exists no present alternative in the time being.

German Chancellor Olaf Scholz said: "All our steps are designed in such a way as to hit Russia hard and be sustainable in the long term. Europe deliberately removed energy supplies from Russia from sanctions. At present, there is no other way to ensure Europe's energy supply for heat production, transport, electricity supply and industry. Therefore, it is essential for services of common interest and the daily lives of our citizens."

Read more: Sanctions won't target Russian energy supplies: Scholz

Today, Tuesday, House Speaker Nancy Pelosi announced that the House of Representatives will proceed with banning Russian oil imports, despite Biden's executive action according to an aide for the Democrat party. Banning normal trade relations with Russia could also be on the table.

According to the American Fuel and Petrochemical Manufacturers trade association, Russian oil accounts for approximately 3% of US crude oil imports and 1% of total crude oil processed by US refineries.

With gas prices on the hike, Biden's administration has been looking for ways to unlock more oil supplies in the global mark to ameliorate the gas prices.

Negotiations that Biden has been initiating include with Saudi Arabia, that has been experiencing tensions with its crowned prince, Venezuela which is under draconian US sanctions, and possibly Iran after a nuclear deal is struck in the coming days.

Read more: US urgently reaches out to Venezuela amid possible energy crisis

  • Joe Biden
  • Russian oil
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

Iranian President Masoud Pezeshkian attends a protest following the US attacks on nuclear sites in Iran, in Tehran, Iran, Sunday, June 22, 2025. (AP)

Iran declares victory as ceasefire forces Israeli retreat

  • Politics
  • 24 Jun 2025
Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

  • Politics
  • 22 Jun 2025
Iran launches strikes on Israeli targets, despite alleged ceasefire

Iran victorious as ceasefire with 'Israel' takes effect

  • Politics
  • 24 Jun 2025
Iranian worshippers carry their country's flags in a protest to condemn Israeli attacks on multiple cities across Iran, after the Friday prayers ceremony in Tehran, Iran, Friday, June 20, 2025. (AP)

Iran warns of NPT withdrawal, Strait of Hormuz closure after US attack

  • Politics
  • 22 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
French far-right leader Marine Le Pen delivers her speech during the French far-right party national rally near the parliament in Paris, Sunday, April 6, 2025. (AP Photo/Michel Euler)
Politics

US aide proposed funding Le Pen's legal fight, sparking uproar

People whose names were left out in the National Register of Citizens (NRC) draft fill their forms to file appeals near a NRC center on the outskirts of Gauhati, India, Monday, Aug. 13, 2018. (AP Photo/Anupam Nath)
Politics

India accused of illegal Muslim deportations to Bangladesh

Palestinians children mourn over the body of their father, Mohammed Ghaben, who was killed while heading to an aid distribution hub, at the morgue of the Shifa Hospital in Gaza City, Wednesday, June 18, 2025. (AP)
Politics

IOF troops admit to killing starving Palestinians: Israeli media

The commander of the Quds Force's Palestine Unit, Brigadier General Mohammad Said Izadi (Illustrated by Mahdi Rtail for Al Mayadeen English)
Politics

Who was Mohammad Said Izadi, head of the Quds Force's Palestine Unit?

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS