Nancy Pelosi Implores House Dems to Ban Russian Oil From Entering the U.S.

The war between Russia and Ukraine is about to enter its second week, and U.S. House Speaker Nancy Pelosi has finally urged her Democrat colleagues to ban Russian oil and other energy products from entering the United States.

Russia began its invasion of Ukraine in late February, but the transport of Russian oil to some western countries has continued flowing. Many financial institutions like Visa, Master Card, and American Express have suspended operations with Russia since the war began.

Pelosi's announcement on Sunday night was coupled with a White House statement of Ukraine aid while also urging Congress to quit accepting Russian oil into the U.S.

"The House is currently exploring strong legislation that will further isolate Russia from the global economy," it read on Pelosi's website. "Our bill would ban the import of Russian oil and energy products into the United States, repeal normal trade relations with Russia and Belarus, and take the first step to deny Russia access to the World Trade Organization. We would also empower the Executive branch to raise tariffs on Russian imports."

Nancy Pelosi
U.S. Speaker of the House of Representative Nancy Pelosi (L) receives a gift from the Chairman of the Committee on International Affairs of the Federal Assembly of the Russian Federation Konstantin I. Kosachev on June 21, 2007 after opening the Committee on Foreign Affairs joint meeting with members of Russia's Parliament to discuss democracy, human rights, regional conflicts, strategic stability, trade, and economic issues in the Rayburn building on Capitol Hill in Washington, DC. Photo credit should read PAUL J. RICHARDS/AFP via Getty Images

Pelosi went on to say the proposed bill would not affect global markets, even though gas prices are approaching all-time highs in the States.

"Let me be clear: the United States need not choose between our democratic values and our economic interests. The Administration and the Congress remain laser-focused on bringing down the higher energy costs for American families and our partners stemming from Putin's invasion," Pelosi said. "We salute President Biden for leading our allies in releasing 60 million barrels of oil from strategic reserves—including 30 million from American reserves in the SPR—to stabilize global markets."

Pelosi added that her recent visit to the Munich Security Conference brought new ideas to work with the European Union for continuing diversification of their energy supply and reduce their dependence on Russian energy.

"With the West's carefully coordinated effort to sequence sanctions on Russia and mitigate for the costs of these efforts, we are standing up for our values abroad while protecting our families at home. Again, I commend the Biden Administration for its leadership to unify and strengthen our allies in support of the people of Ukraine."

Pelosi sent this memo to her Democratic House colleagues after President Joe Biden has requested $10 billion in humanitarian, military, and economic support for Ukraine. Congress could vote on this emergency funding request as soon as this week, but with Biden's intention of sending no American troops to Ukraine.

"As President Biden has made crystal clear, American troops will not go to war in Ukraine — but our nation can provide military equipment and support our allies who are supplying airplanes to Ukraine," Pelosi stated. "We must also help the one and a half million Ukrainian refugees fleeing their homes and escaping to other nations, which the United Nations has said is the "fastest growing refugee crisis in Europe since World War II.""