Russia Ukraine News LIVE Updates | US, European allies discuss banning imports of Russian oil

Russia Ukraine News LIVE Updates | US, European allies discuss banning imports of Russian oil

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March 07, 2022 / 07:30 AM IST



Russia Ukraine Crsis LIVE Updates | Europe relies on Russia for crude oil and natural gas but has become more open to the idea of banning Russian products in the past 24 hours, a source familiar with the discussions told Reuters on Sunday.





Russia Ukraine Crisis LIVE Updates | The United States and European allies are exploring banning imports of Russian oil, U.S. Secretary of State Antony Blinken said on Sunday, and the White House coordinated with key Congressional committees moving forward with their own ban.

Europe relies on Russia for crude oil and natural gas but has become more open to the idea of banning

Russian products in the past 24 hours, a source familiar with the discussions told Reuters on Sunday.

The White House is also talking with the Senate Finance Committee and House of Representatives Ways and Means Committee about a potential ban, the source said.

Still, Blinken also stressed the importance of maintaining steady oil supplies globally.

"We are now in very active discussions with our European partners about banning the import of Russian oil to our countries, while of course, at the same time, maintaining