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Showing posts with the label Biden

Russia-Ukraine live: Biden signs 'lend-lease' bill to expedite military aid

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  President Joe Biden on Monday signed a bipartisan measure to support a “lend-lease” programme, which would help accelerate and streamline military aid to Ukraine and its allies. The US president signed the measure hours after President Vladimir Putin marked Russia’s Victory Day, a holiday celebrating Russia’s defeat of Nazi Germany during the Second World War. To know more:  https://www.thenationalnews.com/world/2022/02/18/russia-ukraine-latest-news/

How Biden came around to banning Russian gas and oil

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The White House knows it risks a serious political hit if gas prices continue to rise. But on Tuesday,  President Biden  decided the risk was worth it in order to punish Moscow further for its war in Ukraine and to respond to bipartisan calls to cut off Russia oil and gas. President Biden A few factors made a difference in Biden’s decision. Political support for cutting off  Russia  in Washington and nationwide is high, and voices in both parties were calling for the move. Russian imports also make up a relatively small amount of the U.S. supply. Russia last year accounted for about 3 percent of U.S. foreign imports of crude oil and about 1 percent of the U.S. supply overall.  The desire to take a stand against Russian  President Vladimir Putin  is also high, making it difficult to avoid the choice even in a difficult midterm election year and a populace already irritated with rising prices.   Read More :   https://thehill.com/homenews/a...

SAUDI-RUSSIA COLLUSION IS DRIVING UP GAS PRICES — AND WORSENING UKRAINE CRISIS

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 A spat between Saudi Crown Prince Mohammed bin Salman and Biden is pushing gas prices ever higher. It started under Obama. Saudi Crown Prince Mohammed bin Salman, right, and Russian President Vladimir Putin at the G-20 summit in Buenos Aires, Argentina, in 2018 AS RUSSIA ORDERED troops into Ukraine on Monday, gas prices soared to their highest levels in over seven years. While the media focuses on the conflict in Ukraine, a major cause of the gas price spike has gone overlooked: Moscow’s partnership with Saudi Arabia has grown dramatically in recent years, granting the two largest oil producers in the world the unprecedented ability to collude in oil export decisions. The desert kingdom’s relationship with the U.S. has chilled in the meantime, as demonstrated earlier this month, when President Joe Biden pleaded with the Saudis to increase oil production — a move that would not only have helped to alleviate rising inflation and gas prices, but also reduced Russia’s extravagant pr...