Headline RoundupMarch 7th, 2022

Lawmakers Announce Bipartisan Deal to Ban Russian Oil

Summary from the AllSides News Team

A bipartisan group of lawmakers announced a deal to ban energy imports from Russia on Monday. 

The deal would also call for a suspension of normal trade relations with Russia and Belarus. Despite the deal’s support in Congress, White House press secretary Jen Psaki said Monday that President Joe Biden had not yet decided whether to support a ban on Russian oil, adding, “Those discussions are ongoing internally and with our counterparts and with our partners in Europe and around the world.” Oil prices temporarily peaked at $139 per barrel on Monday, fueling what many called Wall Street’s worst day since 2020. Facing fears of even greater price increases, the Biden administration has sought alternative sources of oil, including from Saudi Arabia and Venezuela. Meanwhile, Ukrainian President Volodymyr Zelenskyy called for a boycott on exports to Russia on Monday, adding, “if they do not adhere to civilized rules, then they should not receive goods and services from civilization. Let the war feed them.”

Coverage was widespread across the spectrum on Monday, including the bipartisan deal, the broader debate around banning Russian oil imports, and the impact of high oil prices on the economy. Coverage of the bipartisan deal was somewhat more common on the left and center than on the right. 

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