President Biden just announced that the United State will ban imports of Russian oil.

“Today I am announcing the United States is targeting the main artery of Russia’s economy. We’re banning all imports of Russian oil and gas and energy,” Biden said at the White House. “That means Russian oil will no longer be acceptable at U.S. ports and the American people will deal another powerful blow to Putin’s war machine.”

"This is a step we're taking to inflict further pain on Putin," Biden said.

According to the Energy Information Administration, the U.S. imported about 672,000 barrels a day from Russia (i.e. roughly 8% of total U.S. imports of oil).