Biden said the US and EU knew about the consequences of restrictions on oil
According to the American president, Western countries have cut off Russian oil in response to Moscow's actions in Ukraine, knowing that this will lead to higher fuel prices. But they had no choice
The US and the EU understood that due to restrictions on Russian oil, they would face higher fuel prices, said US President Joe Biden.
«Russia— one of the world's largest oil producers. We have cut off the supply of Russian oil to the US, and our European partners have done the same, knowing that we will face an increase in gasoline prices,— Biden said.
He noted that one could “close one's eyes” on Russia's actions in Ukraine, but, in his opinion, it would be “wrong.” “I thought so then and I think so now. The free world had no choice, — convinced the American leader.
Biden called for the abolition of the fuel tax for three months, although he acknowledged that this measure would not solve the problem with rising prices, but would ease the burden on families. Authorities levy a tax of 18 cents per gallon (3.78 liters) of gasoline and 24 cents per gallon of diesel fuel.
In early June, the price of gasoline at gas stations in the US hit a new all-time high, exceeding $5 per gallon. Now fuel costs an average of about $ 5. The American leader has repeatedly called the rise in prices for fuel and products “Putin's”, as well as a “by-product” aid to Ukraine. “It will cost the Western countries dearly. This will cost NATO dearly. It will cost dearly to European countries and dearly to us, & mdash; he declared.
The United States refused to import Russian oil in early March. The European Union included a partial embargo on Russian raw materials in the sixth package of sanctions in early June. The ban affected maritime supplies. Russian authorities consider Western sanctions illegal.
Read on RBC Pro Pro Housing prices are falling around the world. Will the crisis of 2008 repeat? Parallel import of IT equipment Instructions Pro Should we expect excessive demand for suburban real estate Articles Pro The Fed raises rates, but inflation does not fall. How close is the recession Articles Pro Russians began to buy less. How e-commerce adapts to this Instructions Authors Tags Subscribe to Telegram RBC Stay up to date with the latest news even in blocking conditions