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WASHINGTON: The Biden administration is willing to move ahead with a ban on Russian oil imports into the United States without the participation of allies in Europe, two people familiar with the matter told Reuters, after Russia’s invasion of Ukraine.

President Joe Biden is expected to hold a video conference call with the leaders of France, Germany and the United Kingdom on Monday as his administration continues to seek their support for a ban on the imports.

The White House is also negotiating with congressional leaders who are working on fast-tracking legislation banning Russian imports, a move that is forcing the administration to work on an expedited timeline, a source told Reuters A senior US official told Reuters that no final decision has been made but “it is likely just the U.S if it happens”

Oil prices have soared to their highest levels since 2008 due to delays in the potential return of Iranian crude to global markets and as the United States and European allies consider banning Russian imports.

Brent spikes to $139 on prospect of Russia oil ban, delay in Iran deal

Europe relies on Russia for crude oil and natural gas but has become more open to the idea of banning Russian products. The United States relies far less on Russian crude and products, but a ban would help drive prices up and pinch US consumers already seeing historic prices at the gas pump.

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