The United States has just banned the import of all Russian oil, gas and coal, sparking fears of further pain at the petrol pump. GenoveseMichael 9News DETAILS:
"We will not be part of subsidising Putin's war," he said in the Roosevelt Room at the White House.
Although Biden has tried to work in concert with European allies, he acknowledged that many are not announcing a similar ban because they're more reliant on Moscow for oil and gas."So we can take this step when others can not," he said. "But we're working closely with Europe and our partners to develop a long term strategy to reduce their dependence on Russian energy as well.
He said the transition period "will give the market, businesses and supply chains more than enough time to replace Russian imports," which account for 8 per cent of UK demand.