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Biden Enlists Consumers to Put Squeeze on Russia’s Economy

  • U.S. gas prices surge to record as oil ban announced
  • Treasury’s Adeyemo sees U.S. households weathering inflation
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Biden Warns Oil, Gas Firms Against Price Gouging
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The Biden administration is leaning on American consumers to help pay the price of its rapidly intensifying economic pressure campaign against Russian President Vladimir Putin.

The White House’s announcement Tuesday to ban U.S. imports of Russian fossil fuels marked the latest move against Russia. It also made for another way for the war in Ukraine to affect Americans at filling stations and grocery-store checkout lines.