Joe Biden announces release of 30 mn barrels of oil to maintain global oil prices
US President Joe Biden announced that his administration has worked with 30 other countries to release millions of barrels of oil from American strategic reserves to maintain the global oil prices in the midst of a Russian invasion of Ukraine.
In his maiden State of the Union Address on Tuesday, Biden said his administration was taking “robust action” to make sure the pain of the US sanctions is targeted at Russia’s economy.
He vowed that his administration will use every tool at its disposal to protect American businesses and consumers.
“To all Americans, I will be honest with you, as I’ve always promised. A Russian dictator, invading a foreign country, has costs around the world,” Biden said.
