Outburst! The United States announces the banning of Russian oil! International oil prices or will exceed $300!

On March 8, local time, the White House issued a statement saying that US President Joe Biden officially signed an executive order
prohibiting the US from importing energy from Russia.
The statement details the contents of the executive order, which includes: a ban on the import of Russian crude oil and certain petroleum products, liquefied natural gas and coal; Ban new U.
S.
investment in Russia's energy sector; Americans are prohibited from funding or supporting investments in energy companies in Russia, among others
.

At the same time, Biden said he will continue to work to ease the pressure on American households due to rising energy prices and reduce the U.
S.
dependence on
foreign oil and fossil fuels.
The U.
S.
government has pledged to release more than 90 million barrels of strategic petroleum reserves
this fiscal year.
The U.
S.
government is also in dialogue with a range of further steps that energy producers and consumers can take to ensure a stable global energy supply
.

Shortly before Biden's speech, the United Kingdom also announced plans to stop importing Russian oil and corresponding petroleum products by the end of 2022 to further strengthen sanctions against Russia, while giving the market and enterprises enough time to find alternatives to Rosneft
, and it is expected that the United Kingdom will gradually adjust its oil purchases from the United States and the Middle East.
Compared to much of the rest of the continent, the UK is relatively less dependent on Russian oil, which accounts for about 8%
of total British oil consumption.
The British government has also said it is considering a plan
to completely halt gas imports from Russia.

Based on the oil embargo imposed by the United States and the United Kingdom on Russia, the international crude oil futures price rose sharply in the overnight market, and at 11:11 a.
m.
Beijing time on March 9, Brent crude oil prices (real-time oil prices) were as high as $130 / barrel, and WIT crude oil prices also reached $126 / barrel
.
Russian Deputy Prime Minister Alexander Novak said on Monday local time that if the United States and the European Union ban oil imports from Russia, international oil prices may climb to more than
$300 per barrel.

Previously, Biden has been working with European allies to try to isolate the Russian economy, which is extremely dependent on energy, and President Vladimir Putin
.

The European Union also announced on the same day that it plans to reduce imports of Russian natural gas by two-thirds
within a year.
Under the plan, the EU will import more LNG, increase the amount of wind and solar energy, produce biogas, and reduce demand
by improving the insulation of houses and requiring people to reduce central heating.
The EU gets about 40% of its natural gas and 25% of its crude oil from Russia
.

Biden said sanctions imposed by the United States and its allies have already put the Russian economy "in a difficult position," and the latest decision was made in close consultation with allies and partners
.

"We understand that many European allies and partners may not be able to join us, and we are working closely with them to develop a long-term strategy to reduce their dependence on Russian energy," Biden said
.

Russian crude oil accounts for about 3% of U.
S.
crude oil imports in 2021
.
If you add other refined oils, Russia accounted for about 8% of last year's US crude oil imports, the United Kingdom is more dependent on Russia for crude oil and natural gas imports, about one-third of the UK's diesel imports come from Russia, but at present, the United Kingdom has not announced whether to stop importing natural gas
from Russia.