Key quotes
“The Biden administration continues to attempt to reduce the surging fuel costs following the imposition of sanctions by the United States along with allies in response to Russia’s invasion and occupation of Ukraine.”
“It wouldn’t be easy to substitute Russia’s crude oil exports.”
“If we have to do it again on a worldwide basis with our allies,” we will.
“Numerous Russian energy buyers have self-sanctioned and avoided purchasing barrels of Russian energy “because of the outrage in Europe over what is happening to Ukraine.”
