White House mulling Russian oil ban without European allies participating: Official
The White House indicated on Monday that it was considering a ban on Russian oil even without the support of its European allies, an official with the National Security Council told ABC News.
Europe relies much more on Russian oil and gas than the United States does and would likely see much higher prices if such a significant chunk of their energy imports were suddenly cut off.
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If the United States banned Russian oil imports without Europe doing the same, the impact on Russia would be much smaller than if the U.S. and Europe worked in concert. Russia exported 1% of its oil exports to the United States in 2020.
Moving forward without Europe would also be a departure from Biden’s approach of working in lockstep with Europe on sanctions against Russia.
Bloomberg reported Sunday night that the Biden administration was weighing this move.
-ABC News' Ben Gittleson