Congress Weighs the Consequences of Banning Russian Oil

Proposals to ban Russian oil imports are beginning to garner bipartisan momentum, with the White House slowly warming up to the idea despite concerns about rapidly rising oil prices.After senators failed to coalesce around a deal on sanctions ahead of the invasion—an ultimately unnecessary step, given that President Joe Biden had unilateral capabilities to impose sanctions—lawmakers across the ideological spectrum have begun to signal their support for banning U.S…
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