Russia warns of $300 oil, threatens to cut off European gas if West bans energy imports
The U.S. is expected to announce as early as today that it will ban imports of Russian oil.
The White House updated President Joe Biden’s schedule for the day to include an announcement of additional steps the U.S. will take to “hold Russia accountable for its unprovoked and unjustified war on Ukraine.”
Biden will deliver those remarks from the White House at 10:45 a.m. ET.
The U.S. imports about 672,000 barrels a day in 2021, according to figures from the Energy Information Administration. That amount comprises roughly 8% of the total U.S. import of oil and refined products.

Most of the country’s crude oil and petroleum imports come from Canada, Mexico and Saudi Arabia, making the U.S. far less dependent on Russian oil than many of its European partners.

https://www.cnbc.com/2022/03/08/russia-warns-of-300-oil-if-ban-goes-ahead-threatens-to-cut-off-european-gas.html

https://www.cnbc.com/2022/03/08/us-expected-to-announce-ban-on-russian-oil-as-soon-as-today-nbc-news-reports.html