European leaders acknowledged the need to reduce their dependence on Russian energy but said that an immediate embargo would not be feasible. The Biden administration is under pressure from Congress and the Ukrainian government to impose a ban on Russian oil imports. Get market news that is relevant to you. You can subscribe for free. The Chancellor of Germany said Monday that the EU has deliberately exempted energy supplies from Russia from sanctions. Europe's supply of energy for heat generation, mobility, power supply and industry cannot be secured in any other way. The chancellor said that Germany and the EU are working on ways to reduce reliance on Russian energy. The Dutch Prime Minister said at the press conference that we are still very much dependent on Russian gas and oil. Even Johnson, whose country consumes little Russian gas and has been a leader in calling for the toughest sanctions, told reporters that it is not something every country can do. President Biden is expected to speak with Johnson and the French President on Monday, amid speculation that the U.S. will soon announce an oil embargo. The Biden administration is looking at ways to increase oil supplies in order to ease the shock of gas prices, which have already reached an average of more than $4 per gallon in the U.S. Biden had pledged to make Saudi Arabia a pariah after the murder of the journalist, as well as heavily sanctions against Venezuela. The U.S. is expected to reach a new nuclear deal with Iran in the coming days, potentially giving another U.S. adversary the ability to ramp up its oil exports. Go deeper. Do you like this article? You can get more from Axios for free. The record gain in crude last week could be extended by an embargo. The company's name and ties to Russia are no longer representative of the brand, according to the billionaire who founded it. You can save with this hack. The greatest threat to the country is the progressive agenda being pushed by the Democratic Party, according to Barr. There are no words to describe the increase in gasoline prices over the last week. James said that Putin pushed Germany to double its defense budget in a matter of days. We relied on the rental money for our retirement because we were both over 65. We have no savings because of the loss of income. Foreign Minister Dmytro Kuleba says that the whole world is on the side of Ukraine. The New Yorker found that he may never have lived in the cabin that he registered to vote in. One day, all it would take to get your point across would be 280 characters. A customs officer told the WSJ that French authorities tied up Sechin's superyacht so it wouldn't leave the port. The high rip current risk warning has been extended by the National Weather Service for the waters off Miami-Dade, Broward and Palm Beach counties. Wednesday. When a 61-year-old woman asked if the driver was leaving after he mowed her down, he replied "I'm sure am." They saw that it worked. Almost every house in the neighborhood has it. I get a lot of thanks for my method. There have been two major nuclear-plant disasters in history, the first being at Chernobyl in the former Soviet Union in 1986. Trump suggests a false flag operation against Russia. Joint Base Andrews said in a statement that they identified the person who was caught as a 17-year-old male. Before you book your next cruise, look at these... China will provide humanitarian aid to Ukraine as soon as possible, Foreign Minister Wang Yi said on Monday, as he praised his country's friendship with Russia. China has refused to condemn Russia's attack on Ukraine or call it an invasion while asking Western countries to respect Russia's legitimate security concerns. A south Florida teacher was taken to the hospital last week after she was attacked by a 5-year-old student. Warren Buffet once said it was better to put money to work. If you're interested in stocks, this is a good place to start. There is more to the Soviet space program than we know. The European Parliament is considering expanding the travel rule to virtually every transaction of digital assets. The former attorney general for Trump told NBC News that Trump doesn't want the truth but needs a way to explain how he didn't win. The woman felt her sister was not aggressive.Axios
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