As Gas Prices, Continue to Rise, U.S. Bans All br Russian Oil Imports.br On March 8, President Joe Biden announced thatbr the United States would ban all Russian oil imports. .br The Associated Press reports that the decision br tightens global restrictions on Russia's economy br in response to its ongoing invasion of Ukraine. .br We will not be part br of subsidizing Putin’s war, Joe Biden, President of the United States, br via The Associated Press.br Biden said that the action comes br as a significant blow to Russia's ability br to fund its offensive in Ukraine. .br Biden said that the action comes br as a significant blow to Russia's ability br to fund its offensive in Ukraine. .br The president also acknowledged that br the ban would also come at a cost to Americans, br particularly in the form of rising gas prices. .br The president also acknowledged that br the ban would also come at a cost to Americans, br particularly in the form of rising gas prices. .br Defending freedom br is going to cost, Joe Biden, President of the United States, br via The Associated Press.br Putin’s war is already hurting br American families at the gas pump.br I’m going to do everything I can to br minimize Putin’s price hike here at home, Joe Biden, President of the United States, br via The Associated Press.br Putin’s war is already hurting br American families at the gas pump.br I’m going to do everything I can to br minimize Putin’s price hike here at home, Joe Biden, President of the United States, br via The Associated Press.br Biden went on to caution br the U.S. energy industry against br exploiting consumers with , “excessive price increases.”.br AP reports that the move is meant to make the br invasion a strategic loss for Russia, regardless br of whether or not they seize territory in Ukraine. .br AP reports that the move is meant to make the br invasion a strategic loss for Russia, regardless br of whether or not they seize territory in Ukraine. .br Ukraine will never br be a victory for Putin, Joe Biden, President of the United States, br via The Associated Press.br According to the U.S. Energy Information br Administration, the U.S. imported approximately br 245 million barrels of Russian oil in 2021.