Connect with us

Politics

Biden blocks Russian oil imports in latest round of sanctions on Kremlin

Published

on

Biden blocks Russian oil imports in latest round of sanctions on Kremlin

President Biden introduced on Tuesday that the U.S. will ban the importing of Russian oil, liquefied pure gasoline and coal, broadening the financial sanctions leveled towards Moscow over its warfare in Ukraine.

The focusing on of Russia’s most profitable trade regardless of the probability of upper gasoline costs comes as bipartisan assist in Congress has coalesced behind such restrictions and Europe has begun taking steps to scale back its imports of Russian power merchandise. The oil ban and different robust sanctions are being imposed by Western powers within the hopes of persuading Russian President Vladimir Putin to halt his all-out assault on the previous Soviet republic.

“Russian oil will now not be accepted at U.S. ports,” Biden mentioned in a speech from the White Home. “We is not going to be a part of subsidizing Putin’s warfare.”

Advertisement

“Russia might proceed to grind out its advance at a horrible worth, however this a lot is already clear: Ukraine won’t ever be a victory for Putin. Putin might be able to take a metropolis. However he’ll by no means be capable of maintain the nation,” Biden mentioned, including that the ban would goal “the primary artery of Russia’s economic system.”

Biden’s motion was welcomed by Ukrainian President Volodymyr Zelensky, who tweeted he was “grateful” the president had delivered a blow at “the guts of Putin’s warfare machine and banning oil, gasoline and coal from US market. Encourage different nations and leaders to comply with.”

The White Home had initially shrugged off calls to ban Russian oil, arguing that the impression on world markets could be destabilizing to the West. Administration officers had additionally mentioned that deep financial sanctions had been already hitting Moscow’s largest banks and several other oligarchs near Putin, weakening the ruble and the nation’s economic system broadly.

However Biden clearly warmed to the thought as assist grew from Democrats and Republicans on Capitol Hill for a bipartisan invoice to ban Russian power, at the same time as some Democrats anxious that they might pay a political worth in November’s midterm elections for public frustrations about excessive gasoline costs.

It’s the first time the U.S. has gotten forward of its European allies in sanctioning Russia. Europe depends way more closely on Russian power imports and has been extra reluctant to affix in a ban. The U.S. imports round 700,000 barrels of oil a day from Russia, accounting for lower than 10% of the nation’s power provide. Europe imports greater than 4 million barrels a day of Russian gas.

Advertisement

However it appeared Europe’s reluctance was waning amid experiences that the European Union and the U.Okay. will start to dial down imports of Russian power.

Britain will part out imports of Russian oil and oil merchandise — although not pure gasoline — by the tip of the 12 months, Prime Minister Boris Johnson mentioned. The announcement got here as Zelensky delivered an impassioned speech through video hyperlink to the British Parliament, the place he acquired a boisterous standing ovation.

“Working with trade, we’re assured that this may be achieved over the course of the 12 months, offering sufficient time for firms to regulate and making certain shoppers are protected,” Johnson mentioned in a press release.

Although much less forward-leaning, the European Fee introduced plans to slash EU dependence on Russian pure gasoline by as a lot as two-thirds this 12 months and “finish reliance” on Russian fossil fuels earlier than 2030. Russia provides roughly 40% of the 27-nation bloc’s gasoline. The EU is in search of different sources and cleaner power.

German Chancellor Olaf Scholz mentioned a full ban is “untimely,” though he has already taken the extraordinary step of halting certification of the Nord Stream 2 gasoline pipeline between Russia and Germany’s Baltic Coast, a enterprise Putin had lengthy sought to extend his leverage over Europe’s power assets.

Advertisement

“The U.S. ban is basically symbolic as a result of Russian crude is a replaceable crude for us,” mentioned Diane Munro, a longtime oil market analyst who famous that imports from Iraq, Canada and the nation’s strategic reserve can offset the lack of Russian oil. “Europe can’t actually take the identical step with out trashing the worldwide market.”

Regardless of Russian oil’s comparatively small position within the home market, banning it might result in increased costs on the pump within the U.S. Gasoline is already averaging $4 a gallon nationwide, up from $2.77 a 12 months in the past, in response to AAA. The typical worth of gasoline in California throughout that very same interval has risen from $3.75 to $5.34.

Biden acknowledged the brand new ban will likely be felt in People’ wallets however warned U.S. oil firms towards making the most of the disaster.

“It’s no excuse to train extreme worth will increase or padding earnings or any sort of effort to use the scenario,” he mentioned in a message geared toward power executives. “It’s not time for profiteering or worth gouging.”

Till now, the financial strangulation of Russia by the West over its unprovoked invasion of Ukraine has averted its strong power sector. However as Russia will increase its unrelenting bombardment of Ukrainian cities, political strain on the West has grown to do extra to place strain on Putin to cease the onslaught. U.S. officers mentioned the Biden administration can be contemplating easing restrictions on imports of oil from Venezuela to alleviate the void left by Russian oil bans, a politically problematic step.

For the reason that Obama administration, Washington has been sanctioning Venezuela and blacklisting senior Venezuelan officers due to human rights abuses and the trampling of democracy there. President Trump broke diplomatic ties with Caracas. However Venezuela sits on one of many world’s largest reserves of oil, exploitation of which the sanctions have helped to curb.

Biden’s announcement Tuesday didn’t point out Venezuela or different different sources of crude. He did say, nonetheless, that he hopes the Ukraine warfare results in an accelerated transition to wash power.

It’s in that space the place bipartisan assist will flag. Many Republicans advocate reopening environmentally delicate U.S. parks and ocean beds to drilling. In the meantime, Democrats have been pushing to scale back U.S. reliance on fossil fuels.

Advertisement

For now, although, Democrats and Republicans are talking in comparable phrases. The administration was going through strain to enact an oil ban earlier than Congress took motion. Members of each political events have launched payments in each homes to dam such imports.

Regardless of Biden’s announcement, the Home remains to be anticipated to vote on laws to impose the Russian oil ban, Home Speaker Nancy Pelosi (D-San Francisco) informed Democrats in a closed-door assembly Tuesday, in response to a Democratic aide. The laws can be anticipated to incorporate different measures.

Pelosi informed Democrats that she had been alerted by the White Home days in the past that Biden would announce the oil ban.

Congress is weighing an oil ban because it pushes to cross a measure to ship Ukraine billions of {dollars} in emergency help. Senate Majority Chief Charles E. Schumer (D-N.Y.) on Monday referred to as for passage of a $12-billion help package deal this week, saying it “will present each humanitarian and navy help for Ukraine: funding for refugees, medical provides, emergency meals provides, in addition to funding to assist weapons transfers into Ukraine, and assist for our japanese flank NATO allies.”

In a letter to Home Democrats on Sunday, Pelosi mentioned Congress supposed to cross $10 billion in emergency help for Ukraine as half of a bigger authorities funding measure. The Home can be exploring laws that may “additional isolate” Russia from the world economic system, Pelosi mentioned.

Advertisement

Occasions workers author Jennifer Haberkorn in Washington contributed to this report.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Politics

San Francisco Gets a New Mayor and an Emergency Plan for the Fentanyl Scourge

Published

on

San Francisco Gets a New Mayor and an Emergency Plan for the Fentanyl Scourge

Within minutes on Wednesday morning, San Francisco got a new mayor — and a new plan for an emergency declaration intended to combat the fentanyl scourge that has killed thousands of people in the city over the past five years and has turned some neighborhoods into sidewalk drug markets.

Daniel Lurie, a Democrat, was sworn into office outside the gold-domed City Hall and began to detail his campaign promises about fighting the city’s drug crisis, which has claimed more lives in the city since 2020 than have Covid-19, car crashes and homicides combined. Mr. Lurie said that he had told his police and sheriff’s departments to redirect their personnel — moving from a temporary, sporadic effort to break up drug markets to a permanent, 24/7 operation.

He vowed that by this spring, police officers would have somewhere new to take people picked up for using drugs or for acting erratically in public — not just a jail or a hospital emergency room. A crisis center in the Tenderloin neighborhood will be staffed with health workers who can guide those who need treatment.

“Widespread drug dealing, public drug use and constantly seeing people in crisis has robbed us of our sense of decency and security,” Mr. Lurie said from an outdoor stage under sunny blue skies. “I refuse to believe that this is who we are.”

His declaration of a fentanyl emergency, which he promised after winning the hotly contested mayor’s race in November, consists of a package of ordinances that will speed its way to the Board of Supervisors, akin to a City Council, on Tuesday for what is expected to be swift approval.

Advertisement

The declaration would streamline the hiring of new city workers and the building of homeless and drug treatment facilities. A new ordinance will also allow the city to accept private donations to help fund Mr. Lurie’s promised 1,500 new shelter beds within six months.

Mr. Lurie, an heir to the Levi Strauss fortune and the founder of an antipoverty nonprofit, said that fixing the city’s drug problems would be the only way to ensure that San Francisco itself makes a full recovery. Doing so, he argued, would be central to luring back office workers to downtown, tourists to hotels and small business owners to vacant shops.

“Recovery is possible, but it needs to be more than a possibility in San Francisco,” he said. “It must be our mission.”

Many of the proposals are familiar, and the packed crowd at the inauguration was full of former mayors and other city officials who were unable to make similar ideas a reality. Not in a city with a police department that city leaders say needs hundreds more officers; with a notorious bureaucracy that bogs down many city projects; and with lowered tax revenue that translates to a budget deficit approaching $1 billion over the next two years.

And then there is Mr. Lurie’s total lack of experience in government. The job of mayor is his first elected position.

Advertisement

Still, there was an aura of hope, as a who’s who of San Francisco filled the plaza. Paul Pelosi walked slowly to his seat with the help of a purple cane, more than two years after being bludgeoned with a hammer by an intruder looking for his wife, Nancy Pelosi, the former House speaker.

California’s first lady, Jennifer Siebel Newsom, was there, too, though her husband, Gov. Gavin Newsom, could not attend because of the wildfires ravaging Los Angeles.

Mr. Lurie, who will accept only a $1 annual salary, owns a $15.5 million vacation home in Malibu, a beach town west of Los Angeles that suffered extensive damage in the fires. When he was asked Wednesday morning whether his home was still standing, a consultant whisked him away. His wife, Becca Prowda, an aide to Governor Newsom, said the couple did not yet know the home’s fate.

Mr. Lurie’s mother, the billionaire Mimi Haas, who donated $1 million to her son’s campaign and knocked on voters’ doors on his behalf, said she was “very excited” and confident he would turn the city around. She married the late Peter Haas, Levi’s longtime chief executive, when Mr. Lurie was a child.

Golden State Warriors Coach Steve Kerr addressed the crowd, comparing Mr. Lurie to a coach who can succeed only with the help of top-notch players.

Advertisement

“We have been through an awful lot in recent years, and our city has taken some hits, but we are bouncing back,” Mr. Kerr told the crowd. “Just like the Warriors, we have to bring our individual talents to the table with the idea of making the whole better.”

If Mr. Lurie is the coach, it is not clear who will be City Hall’s Steph Curry. Mr. Lurie has so far hired mostly outsiders from the business world to help him run the mayor’s office. On Wednesday, he said that in terms of department heads, “you all will see a lot of change.”

Continue Reading

Politics

Trump details strategy to get necessary votes with one-bill approach to border, taxes

Published

on

Trump details strategy to get necessary votes with one-bill approach to border, taxes

President-elect Trump pointed to a strategic benefit of the one-bill approach to budget reconciliation that he’s said he prefers during a closed-door meeting with Republican senators on Wednesday evening at the Capitol. 

By combining legislation relating to both the southern border crisis and taxes into one reconciliation bill, Trump suggested that one issue could potentially force some lawmakers to make a difficult decision. For example, if a Republican doesn’t support a piece of the tax component, they would also have to vote against the border provisions because they are in one measure. 

SENATE DEMS TO JOIN REPUBLICANS TO ADVANCE ANTI-ILLEGAL IMMIGRATION BILL NAMED AFTER LAKEN RILEY

Trump explained a strategic component to his one-bill reconciliation approach. (Getty Images)

With portions of Trump’s 2017 Tax Cuts and Jobs Act expiring this year, the party is looking to act quickly. But the tax debate in 2025 is expected to be more divided among Republicans than that regarding the border. In particular, there is some disagreement in the party on state and local tax (SALT) deductions, which can benefit some states more than others and have been hit by some Republicans as inefficient. 

Advertisement

“If somebody, for example, in the House is balking because there’s not SALT in the tax agreement or some other provision they want, if that also means they’d be holding out and voting against the border, it might make it harder for them to do so,” Sen. John Hoeven, R-N.D., told Fox News Digital. “That’s a very valid point.”

While SALT was not posed as an example of this by Trump himself, it was mentioned by a GOP senator in a side conversation among other attendees as they went over the advantages of a one-bill approach, Hoeven said. 

BORDER STATE DEMOCRAT RUBEN GALLEGO BACKS GOP’S LAKEN RILEY ACT AHEAD OF SENATE VOTE

Sen. John Hoeven

Sen. John Hoeven, R-N.D., speaks May 4, 2022, on Capitol Hill in Washington. Hoeven faces a defector from his own party and a lightly funded Democrat on Tuesday, Nov. 8, in his race for a third U.S. Senate term from North Dakota.  (AP Photo/Mariam Zuhaib, File)

A source familiar told Fox News that Republicans are preparing to go with Trump’s one-bill preference, but they are also keeping the potential for two bills, one on the border and another to address taxes, in their back pocket in the case of any significant obstacles. 

Senate Majority Leader John Thune, R-S.D., told Trump that if one bill is what he wanted, that is what they are going to try first, the source said. 

Advertisement

A number of senators have their own preferences for two separate reconciliation bills instead, and some made their cases to Trump during the meeting. However, the conference is set to move forward with Trump’s one-bill approach. 

RFK JR. TO MEET WITH SLEW OF DEMS INCLUDING ELIZABETH WARREN, BERNIE SANDERS

John Thune

Thune was “adamant” about supporting Trump’s agenda as leader, one senator said. (Reuters)

Greenland, Canada and the Panama Canal came up during the discussion following Trump’s remarks about each. Trump has recently said he wants U.S. to take back control of critical trade medium the Panama Canal, while also expressing interest in making Greenland and Canada part of the U.S.

Sources familiar told Fox News that Trump brought these up himself during the meeting, telling senators at one point that these countries “were screwing with” the U.S.

TRUMP, GOP SENATORS TO HUDDLE AT CAPITOL, WEIGH STRATEGY ON BUDGET, TAXES AND BORDER

Advertisement
Trudeau announces resignation

Canada Prime Minister Justin Trudeau speaks with media outside Rideau Cottage on Monday, Jan. 6, in Ottawa. (AP/Adrian Wyld/The Canadian Press)

Several GOP senators took the opportunity to tell Trump that his comments on Canada were “transformative,” the sources said. 

The senators believe his approach to Canada is already managing to change the country’s “behavior” and could have even contributed to the recent resignation of Canadian Prime Minister Justin Trudeau, the sources added. 

Continue Reading

Politics

Daniel Lurie inaugurated as San Francisco's new mayor: 'This is where our comeback begins'

Published

on

Daniel Lurie inaugurated as San Francisco's new mayor: 'This is where our comeback begins'

Four hours before he took the oath of office Wednesday to become San Francisco’s 46th mayor, Daniel Lurie started his day walking through the bleak confines of the Tenderloin district with the city police chief and passing out coffee to people at a homeless community center.

It was a deliberately symbolic move by Lurie, a nonprofit executive and heir to the Levi Strauss family fortune, who won office in November largely by appealing to disillusioned voters weary of the public drug use, brazen retail theft and sprawling homelessness that during the pandemic became commonplace in the Tenderloin and spilled into the downtown financial district.

Mayor-elect Daniel Lurie and his wife, Becca Prowda, take part in Wednesday’s inaugural festivities.

(Gabrielle Lurie / San Francisco Chronicle)

Advertisement

In his inaugural speech shortly before noon in front of San Francisco City Hall, Lurie pledged to crack down on the street anarchy that has plagued some areas of the city in recent years, feeding a “doom loop” scenario endorsed by conservative pundits.

“This is where our comeback begins,” Lurie said to a crowd of thousands that included his wife, Becca Prowda, daughter Taya, 13, and son Sawyer, 10, along with outgoing Mayor London Breed and a host of local and statewide political figures.

“I’m asking all of you, every single one of you, to join me in reclaiming our place as the greatest city in the world with a new era of accountability, service and change,” Lurie said.

Daniel Lurie, in suit and tie, is sworn in as mayor of San Francisco.

Daniel Lurie is sworn in as San Francisco’s 46th mayor.

(Gabrielle Lurie / San Francisco Chronicle)

Advertisement

Lurie, a moderate Democrat who had never held elected office, entered the mayoral race as an underdog against Breed and three other City Hall veterans. In an election seen as a referendum on the city’s post-pandemic struggles with homelessness and street crime, Lurie pitched himself as a change agent who could lead San Francisco into an era of recovery.

His campaign gained momentum as he promised to end open-air drug markets and arrest fentanyl dealers, push homeless people into drug and mental health treatment and reinvigorate a downtown economy drained by the exodus of tech workers after COVID-19 shutdowns made remote work an easy option.

Lurie was able to spread his message broadly by drawing on personal wealth. He funneled nearly $9 million of his own money into his campaign, while his mother, Miriam Haas, widow of deceased Levi’s executive and heir Peter Haas, contributed an additional $1 million to an independent expenditure committee backing his election.

Lurie’s inaugural speech, though light on policy details, offered a glimpse into how he planned to accomplish the bold goals he laid out on the campaign trail.

“San Francisco has long been known for its values of tolerance and inclusion, but nothing about those values instructs us to allow nearly 8,000 people to experience homelessness in our city,” he said. “Widespread drug-dealing, public drug use and constantly seeing people in crisis has robbed us of our sense of decency and security.”

Advertisement

At the top of his to-do list: introducing a package of ordinances declaring a fentanyl state of emergency. Lurie said he would ask the Board of Supervisors, an 11-member body that acts as the legislative branch for the city and county, to quickly approve the ordinances, directed at curbing use of the deadly opioid and allowing the city to “bypass the bureaucratic hurdles standing in the way of tackling this crisis.”

The board gained five new members in the November election, a turnover expected to bring a more moderate tone to a board that for years was seen as ultra-liberal and often tussled with Breed — also a moderate — over tough-on-crime policy proposals.

Lurie said he would work to embed more behavioral health specialists in first-responder units to address the overlapping crises of homelessness, addiction and untreated mental illness, and announced plans to open a 24/7 center as an alternative to jail for police to bring people in need of treatment and other services.

He also said he wants to expand a city program that provides funding and assistance for bus tickets and other transportation to send homeless people who aren’t from San Francisco back to their home communities.

And in the face of a projected $876-million budget deficit, Lurie promised “zero cuts” to sworn police officers, 911 operators, EMTs, firefighters and nurses on the front lines of public health emergencies.

Advertisement

San Francisco Police Chief Bill Scott said he was encouraged by Lurie’s plans and his recognition of the need for “around-the-clock resources” not just for police, but also for city workers across departments working to solve San Francisco’s public safety and health challenges.

“The Police Department is 24/7 … but a lot of the departments that we rely upon to help solve some of these problems aren’t 24/7,” he said. “It’s not all about enforcement. It’s not all about policing.”

Scott said he would like to see Lurie continue recent efforts by Breed’s administration to more aggressively clear sprawling tent encampments that have fanned out across the city, as well as public health efforts credited for a sharp decline in drug overdose deaths in the city last year.

The chief medical examiner’s office recorded 586 fatal overdoses in San Francisco in the first 11 months of 2024 — a nearly 23% decrease, or 174 fewer deaths, compared with the first 11 months of 2023. San Francisco public health experts attributed the decline to the widespread availability of naloxone, a medication that can rapidly reverse the effects of opioid overdoses, as well as more emphasis on prescribing buprenorphine and methadone, medications that treat opioid addiction long-term.

On Tuesday, Breed’s last full day in office, her administration noted that crime rates had also fallen in 2024, with reports of car break-ins dropping 54%, property crime down 31% and violent crime down 14%.

Advertisement

Though San Francisco’s struggles have made national headlines in recent years, particularly in right-wing media promoted by President-elect Donald Trump, Lurie largely left national politics out of his messaging, nodding only once during his speech to the “great sense of fear and loss about the state of our country right now.”

“San Francisco must be a city where every individual feels safe, valued and empowered,” he said. “That means standing firm against discrimination and fighting for the dignity of all communities, no matter what comes our way.”

Lurie said the city is showing progress and maintained that “hope is alive and well in San Francisco.” But he warned that “lasting change doesn’t happen overnight.”

Still, “if we are consistent, if we have vision, if we aren’t afraid to make tough decisions,” he said, “San Francisco will rise to new heights.”

Advertisement
Continue Reading

Trending