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
Al Mayadeen correspondent: The first ship of the Maghreb fleet delivering aid to break the siege on Gaza departs from the port of Gammarth in Tunisia.
Channel 12: Airspace closed at Ramon Airport due to fears of drone infiltration
IOF Spokesperson: Sirens sounded over an aircraft infiltration in the Bir Ora area, and details are being examined
Drone infiltration sirens sound north of the Gulf of Aqaba
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out five extremely violent raids on the western areas of Gaza City
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out major bombings in the Gaza Strip, the most violent since October 7
Yemeni Armed Forces spokesperson Brigadier General Yahya Saree: The missile force carried out a major operation using the Palestine 2 ballistic hypersonic missile, hitting several targets in occupied Yafa.
Sirens sound in large areas of occupied Palestine after a missile launch from Yemen was detected
Al Mayadeen's correspondent: 14 martyrs arrive at al-Shifa Hospital following Israeli massacre of al-Sultan Family north of Gaza.
Qatari PM: We must not surrender to the arrogance of extremists and pursue our quest for a 'two-state solution'

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

India defies US pressure, set on buying Russian oil

Europe, US move to escalate economic, military pressure on Russia

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

The damaged building in the Katara neighborhood, Doha, Qatar, September 9, 2025 (Social media)

Hamas delegation survives Israeli assassination attempt in Qatar

  • Politics
  • 9 Sep 2025
Israeli police and rescue teams respond at the scene of a shooting attack where several people killed and injured in Jerusalem, Monday, Sept. 8, 2025 (AP)

Al-Quds shooting: 7 settlers killed, several critically injured

  • Politics
  • 8 Sep 2025
Pro-"Israel" conservative Charlie Kirk shot during Utah speech

Pro-'Israel' far-right Charlie Kirk shot dead during Utah speech

  • US & Canada
  • 11 Sep 2025
Damage sustained after a Yemeni drone exploded in Ramon Airport, southern occupied Palestine, Sunday, September 7, 2025 (Social Media)

Yemeni drone successfully hits Ramon Airport in southern Palestine

  • Politics
  • 7 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Elon Musk attends a news conference with President Donald Trump in the Oval Office of the White House, Friday, May 30, 2025, in Washington (AP)
Politics

Elon Musk calls for dissolving UK parliament at London far-right rally

Israeli media: US betrayed Qatar, gave green light for attack on Hamas
Politics

Israeli media: US betrayed Qatar, gave green light for attack on Hamas

Leaked memo shows Trump eyeing Louisiana National Guard plan
Politics

Leaked memo shows Trump eyeing Louisiana National Guard plan

Mamdani vows to arrest Netanyahu if elected New York mayor
Politics

Mamdani vows to arrest Netanyahu if elected New York mayor

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