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U.S. Weighs Acting Sans Allies on Ban of Russian Oil Imports

  • Biden team has yet to decide, as U.S. lawmakers push for ban
  • Biden team engaging with allies in Europe on possible embargo
Bloomberg business news
Oil Surges as U.S. Mulls Ban on Russian Crude ImportsSource: Bloomberg
Updated on

The Biden administration is considering whether to prohibit Russian oil imports into the U.S. without the participation of allies in Europe, at least initially, according to two people familiar with the matter.

The administration has yet to decide on a U.S. import ban, with the timing and scope of any move still fluid, according to the people, who spoke on condition of anonymity. Administration officials have been in close contact with allies on a possible ban while also working to prepare for the domestic impact, the people said.