In another effort to lessen the impact of the US ban on imports of Russian oilUS State Department senior adviser Amos Hochstein said early Wednesday that The United States and other nations would consider releasing more barrels of oil from reserves, if necessary..
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“The Biden administration continues trying to mitigate the rising cost of fuels following the sanctions imposed by the United States and its allies after the Russian invasion of Ukraine.
“It would not be easy to replace Russia’s crude exports“.
“If we need to do something again globally with our allies, we will“.
“Numerous buyers of Russian energy have self-sanctioned, avoiding buying those barrels “because there is so much outrage in Europe about what is happening in Ukraine.”
Source: Fx Street
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