Banning Russia oil would hit US prices hard
Payne Institute Director Morgan Bazilian contributes to this article about how the U.S. could survive cutting off Russian oil and gas imports over Moscow’s invasion of Ukraine, but it would almost certainly strike a massive financial toll. Political support for banning Russian energy imports is growing in both parties, and the White House said the topic is under discussion — though it said President Biden had not made a decision. March 7, 2022.