US and UK ban Russian oil imports
The allies call a halt to deliveries, but Biden seems accepting that more exposed European countries will not follow suit
US president Joe Biden and UK prime minister Boris Johnson both announced on Tuesday afternoon that their countries will no longer accept Russian oil deliveries. But the chances of full Western embargo on buying from the embattled Putin regime still seems unlikely. “We are banning all imports of Russian oil, gas and energy,” says Biden. “Russian oil will no longer be acceptable at US ports.” But while the US “made this decision in close consultation with [its] allies and partners around the world, particularly in Europe”, Biden does not expect the continent to necessarily replicate its stance. “We are moving forward with this ban understanding that many of our European allies and partners ma

Also in this section
27 May 2025
Country is boosting domestic energy production while targeting development of oil and gas reserves in Africa and Asia
27 May 2025
A newly formed joint venture between Saudi Aramco and Sinopec signals rising Gulf interest in the Asian market
23 May 2025
LNG projects need the certainty of long-term contracts, but Henry-Hub–linked deals put buyers at significant risk
22 May 2025
Industry says compliance is near-impossible and have called for more clarity to prevent cargoes being redirected