Oil prices soared on Tuesday after the United States banned imports of Russian oil, a move that also pushed nickel up to an all-time high and rattled stock markets.
Although it remained below Monday’s high of $139.13 a barrel, Brent, the main international benchmark, rose 6.8% to $131.63.
For its part, the reference barrel in the United States, the WTI, rose 6.7%, to 127.44 dollars per barrel.
the american president Joe Biden announced on Tuesday the ban on US imports of Russian oilMeanwhile he Britain said it will phase them out by the end of the year.
The European Union countries, which receive approximately 40% of their gas imports and a quarter of their oil imports from Russia, chose to set the goal of reducing its imports of Russian gas by two thirds.
Biden’s announcement was made to increase the sanctions imposed on Russia and “deal another heavy blow” to President Vladimir Putin.
This decision was made “in close coordination” with US allies, he said. “We will not help subsidize Putin’s war.”
For now, Europe refuses to impose an embargo on these Russian imports, which cover 40% of its needs for natural gas and 30% for oil.
The United States is a net exporter of energy, that is, it produces more oil and gas than it consumes, Joe Biden recalled.
“We can make this decision, while others cannot,” he explained. “But we are working closely with Europe and our partners to put in place a long-term strategy to reduce their dependence on Russian energy.”
“We remain united in our intention to maintain increasing pressure on Putin and his war machine”added the US head of state.
low import
Russian oil represents only 8% of US imports and 4% of consumption of petroleum products in the United States, which does not import Russian gas.
Biden further stated that Russia will never be able to control all of Ukraine.
“Russia can continue to advance at a horrible price, but this much is already clear: Ukraine will never be a victory for Putin,” he said.
And he insisted: “Putin may be able to take a city, but he will never be able to control the country.” (I)
Source: Eluniverso
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