Biden, allies affirm in call will continue raising costs on Russia for Ukraine invasion By Reuters

© Reuters. FILE PHOTO: U.S. President Joe Biden listens as he meets with Finland’s President Sauli Niinisto to debate “Russia’s assault on Ukraine, within the Oval Workplace on the White Home in Washington, U.S., March 4, 2022. REUTERS/Evelyn Hockstein

WASHINGTON (Reuters) -U.S. President Joe Biden and the leaders of France, Germany and Britain affirmed in a video name on Monday their dedication to proceed elevating the prices on Russia for its “unprovoked and unjustified invasion of Ukraine,” the White Home mentioned.

Biden, French President Emmanuel Macron, German Chancellor Olaf Scholz and British Prime Minister Boris Johnson “underscored their dedication to proceed offering safety, financial, and humanitarian help to Ukraine,” the White Home mentioned in a press release.

NATO international locations have ramped up their presence within the Baltic nations since Russia’s Feb. 24 invasion of Ukraine and extra troops and gear are on the way in which, coverage makers have mentioned.

After Russia’s invasion of Ukraine, the White Home slapped sanctions on exports of applied sciences to Russia’s refineries and the Nord Stream 2 gasoline pipeline, which has by no means launched. To this point, it has stopped in need of concentrating on Russia’s oil and gasoline exports because the Biden administration weighs the impacts on world oil markets and U.S. vitality costs.

The USA and European companions are exploring banning Russian oil imports, U.S. Secretary of State Antony Blinken mentioned on Sunday, however careworn the significance of regular oil provides globally.

Two sources informed Reuters on Monday the Biden administration was keen to maneuver forward with a ban on Russian oil imports into the US with out the participation of allies in Europe.

Oil costs have soared over the previous week after the US and its allies sanctioned Russia following its invasion of Ukraine.

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