President Biden banned Russian oil and natural gas imports Tuesday, calling the step a “powerful blow to Putin’s war machine.” Global oil prices have been surging in recent weeks, and the cost at the pump in the U.S. now exceeds $4 a gallon. While Russia provides around 3% of the crude oil used in the U.S., Europe is far more dependent for their energy needs, and Putin has threatened to cut them off. This hour, can the West survive without Russian energy, and what impact will this ban have on Putin’s war, the U.S. and the global economy?
Associated Press, EXPLAINER: What does a US ban on Russian oil accomplish?
Washington Post, Opinion: $4 gas is here. Facing down Putin is worth the price.