Biden, the allies confirm that the call will continue to increase the costs to Russia due to the invasion of Ukraine by Reuters

Biden, the allies confirm that the call will continue to increase the costs to Russia due to the invasion of Ukraine by Reuters

© Reuters. FILE PHOTO: US President Joe Biden listens to meet with Finnish President Sauli Niinist to discuss “Russia’s attack on Ukraine, at the Oval Office in the White House in Washington, USA, March 4, 2022. REUTERS / Evelyn Hockstein

WASHINGTON (Reuters) – US President Joe Biden and leaders of France, Germany and Britain reaffirmed in a video call Monday their determination to continue raising costs to Russia over its “unprovoked and unjustified invasion of Ukraine,” the White House said.

Biden, French President Emmanuel Macron, German Chancellor Olaf Scholz and British Prime Minister Boris Johnson “underlined their commitment to continue providing security, economic and humanitarian assistance to Ukraine,” the White House said in a statement.

NATO countries have increased their presence in the Baltic countries since the Russian invasion of Ukraine on February 24, and more troops and equipment are on the way, policymakers said.

Following the Russian invasion of Ukraine, the White House imposed sanctions on the export of technology to Russian refineries and the Nord Stream 2 gas pipeline, which was never put into operation. So far, it has stopped targeting Russian oil and gas exports as the Biden administration assesses impacts on global U.S. oil markets and energy prices.

The United States and European partners are investigating a ban on Russian oil imports, U.S. Secretary of State Antony Blinken said Sunday, but stressed the importance of a steady supply of oil globally.

Two sources told Reuters on Monday that the Biden administration was ready to move forward with a ban on Russian oil imports to the United States without the involvement of allies in Europe.

Oil prices jumped last week after the United States and its allies sanctioned Russia following its invasion of Ukraine.

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