During a speech on Tuesday, Democrat President Joe Biden warned that there would be “costs” for Americans as a result of the way his administration is responding to Russia’s invasion of Ukraine.
Biden’s warning came as “oil prices are swinging dramatically, with recent peaks pushing close to a major milestone: $100 a barrel,” NPR reported.
“As we respond, my administration is using every tool at our disposal to protect American businesses and consumers from rising prices at the pump,” Biden claimed. “As I said last week, defending freedom will have costs for us as well, here at home. We need to be honest about that.”
Biden then said his sanctions will target the “Russian economy, not ours.” It should be noted that Biden waived sanctions last year on Russia’s Nord Stream 2 oil pipeline while he worked to block the Keystone XL oil pipeline in the United States.
“But as we will do — but as we do this, I’m going to take robust action and make sure the pain of our sanctions is targeted at the Russian economy, not ours,” Biden said. “We are closely monitoring energy supplies for any disruption. We’re executing a plan in coordination with major oil-producing consumers and producers toward a collective investment to secure stability and global energy supplies.”
President Biden: "My administration is using every tool at our disposal to protect American businesses and consumers from rising prices at the pump. As I said last week, defending freedom will have costs for us as well and here at home. We need to be honest about that." pic.twitter.com/VkzfalBdYb
— The Hill (@thehill) February 23, 2022
