Our teams are actively discussing
how to make this happen.
And today we remain united we remain united in our purpose
to keep pressure mounting on Putin and his war machine.
This is a step that we're taking
to inflict further pain on Putin, but there'll be cost
as well here in the United States.
I said I would level with the American people
from the beginning.
And when I first spoke to this I said defending freedom
is going to cost.
It's going to cost us as well in the United States.
Republicans and Democrats understand
unlike understand that Republicans
and Democrats alike have been clear that we must do this
over the last week I spoke with President Smolenski several
times to hear from him about the situation
on the ground and to consult and continue
to consult with our European allies and about US support
for Ukraine and Ukrainian people
thus far we've provided more than $1 billion in security
assistance to Ukraine shipments of defensive weapons are
arriving Ukraine every day from the United States and we,
the United States, the ones coordinating
the delivery of our allies
and partners of similar weapons
from Germany to Finland to the Netherlands
where we're, we're working that out.
We're also providing humanitarian support
for Ukrainian people both of those still in Ukraine
and those who have fled safely to a neighboring country
or working with humanitarian organizations to surge.
10s of thousands of tons of food,
water and medical supplies into Ukraine and with more
on the way over the weekend.
I sent Secretary Blinken to visit our border
between the border between Poland and Ukraine
and to Moldova to see what the situation was
first-hand and report back, chairman of the Joint Chiefs
of Staff.
Our defense department is also what was
also when you're meeting with his counterparts and allies
on NATO eastern flank to reassure them those countries
bordering Russia NATO countries that we will keep arc NATO
commitment sake commitment article of Article 5.
The vice president.
Harris is going to be traveling to meet
with our allies in Poland and Romania later this
week as well.
I've made it clear the United States will share
in the responsibility of caring for the refugees,
so the costs do not fall entirely
on the European countries bordering Ukraine
and yesterday I spoke with my counterparts
from France, Germany and the United Kingdom.
Russia's escalating violence against Ukraine,
and the steps that we're going
to take together with our allies
and partners around the world to respond
to this aggression we are enforcing the most significant
package of economic sanctions in history and it's causing
significant damage to Russia's economy it is
Russian economy to fight for frankly crater
the Russian ruble is now down to 50% by 50% and Putin's
announced his war one ruble is now worth less than one
American Penny one rubles less than one American Penny
and preventing Russia's central bank from propping up the ruble
and to keep its value up, they're not gonna be able
to do that now we cut the Russians largest banks
from the international financial system and has cripple their
ability to do business with the rest of the world.
In addition, we're choking
off Russia's access to technology
like semiconductors that are
and and SAP its its economic strength and weaken its military
for years to come.
Major companies are pulling out of Russia entirely
without even being asked, not by us.
Over the weekend, Visa, Mastercard, American Express,
they all suspended their services in Russia.
All of them, joining a growing list
of American and global companies
from forward to Nike to Apple they've suspended their
operations in Russia.
The US stock exchange is halted trading and many Russian
securities and the private sector is united
against Russia's vicious war of choice.
The US Department of Justice has assembled
the dedicated task force to go after Russian crew
the crimes of Russian oligarchs and we're joined with our
European allies to find and seize their yachts
their luxury apartments their private jets and all their ill
begotten gains to make sure
that they share in the pain of foods war these
by the way a giant yachts, you've put some in your press.
I mean, some of them are.
I think I read one was over 400 feet long.
I mean it's, this is worth hundreds
of millions of dollars.
The decision today is not without cost here at home.
Putin's war is already hurting American families
at the gas pump since Putin began his military
buildup in Ukrainian borders just since then,
the price of the gas at the pump in America
up 75 cents and with this action is going
to go up further.
I'm going to do everything I can to minimize Putin's price hike
here at home, in coordination
with our partners, we've already announced
that we're releasing 60 million barrels of oil from our joint
oil reserves, half of that 30 billion, excuse me,
is coming from the United States and we're taking steps
to ensure a reliable supply of global energy are also going
to keep working with every tool
at our disposal protect American families and businesses on
the main.
Let me say this to the oil and gas companies
into the finance firms that back them we understand
Putin's war against the people of Ukraine is
causing prices to rise.
We get that that's self-evident
but but but but it's no excuse
to exercise excessive price increases or padding profits
or any kind of effort to exploit the situation
or or American consumers exploit them Russia's aggression is
costing us all.
And it's no time for profiteering or price
gouging.
I want to be clear about what we will not tolerate,
but I also want to acknowledge those firms
and oil and gas industries that are pulling out of Russia
and joining other businesses that are leading by example.
This is the time when we had
to do our part and make sure we're not taking
or not taking advantage.
Look, I'd be clear about 2 other points first.
It's simply not true that my administration
or policies are holding back domestic energy production
as simply not true, even amid the pandemic companies
in the United States pump more oil during my first year
in office and they did to me my predecessors first year
we're approaching a record levels of oil
and gas production in the United States
and we're on track to set a record oil production
next year in the United States.
90% of onshore oil production takes place on land that isn't
owned by the federal government and of the remaining 10%
that occurs on federal land.
The oil and gas industry has millions of acres leased.
They have 9,000 permits to drill now they could be
drilling right now yesterday last week last year they have
9000 to drill onshore that are already approved,
so let me be clear: let me be clear, they are not using them
for production now that's their decision.
These are the facts.
We should be honest about the facts.
Second, this crisis is a stark reminder
to protect our economy over the long term,
we need to become energy independent.
I've had numerous conversations over the last few months
with our European friends of how they have
to wean themselves off of us.
Russian oil, it's just not, it is just not tenable it should
motivate us to accelerate
the transition to clean energy.
This is a perspective extended our European allies share
and the a future where together we can achieve
greater independence loosening environmental regulations are
pulling back.
Clean energy investment won't I X men won't will not lower
energy prices for families
but transforming our economy to run an electric vehicles,
powered by clean energy with tax credits
to help American families winterized their homes
and use less energy that will, that will help.
And if we can, if we do what we can,
it will mean that no one has
to worry about the price of gas pump
in the future that will mean tyrants
like Putin won't be able to use fossil fuels
as weapons against other nations and it will make America
a world leader manufacturing and exporting clean energy
technologies of the future to countries all
around the world.
This is the goal we should be racing toward.
Over the last 2 weeks.
Ukrainian people have inspired the world and I mean that in
a literal sense: they've inspired the world
with their bravery their patrons defiant determination to live
free Putin's war Putin's war has caused enormous suffering
and needless loss of life of women, children,
everyone in Ukraine both Ukraine and I might add Russians.
Ukrainian leaders as well as leaders
around the world have repeatedly called for a cease-fire
for humanitarian relief for real diplomacy
but Putin seems determined to continue on his murderous
path no matter the cost.
Putin's now targeting cities and has been targeted in cities
in civilian schools, hospitals and apartment
buildings, last week attacked the largest nuclear power plant
in Europe with an apparent disregard
for the potential of triggering
a nuclear meltdown.
He has already turned 2 million Ukrainians and the refugees
Russia may continue to grind out its advance
at a horrible price but this much is already clear
ukraine will never be a victory for Putin
who may be able to take a city but he'll never be able
to hold the country and if we do not respond
to Putin's assault on global peace and stability.
Today, the cost of freedom and
to the American people will be even greater tomorrow.
So we're going to continue to support
the brave Ukrainian people as they fight for their country
and I call on Congress to pass the $12 billion Ukraine
assistance package that I have asked them
for of late Ukrainian people are demonstrating by the physical
courage that they're not about to just let Putin take
what he wants.
It's clear they'll defend their freedom there democracy their
lives and we're going to keep providing security
assistance economic assistance and humanitarian assistance.
We're going to support them
against tyranny oppression violent acts
of subjugation people everywhere,
and I think it's maybe even surprised some
of you all people everywhere are speaking up for freedom on
the history of this war is written Putin's
war on Ukraine will have left Russia weaker
and the rest of the world stronger
and God bless all those years in Ukraine and now I'm off
to Texas. Thank you very, very much.
I know there's a lot of fun.
I know, I know there's a lot of questions
but there's a lot more that has to be made clear
and I'm going to hold on that until we get more
information. Thank you, appreciate.
United States President Joe Biden, announcing
the decision taken by the US government
that has been speculated for awhile now US now banning
Russian all imports, saying
that the Russian aggression is costing us all.
Joe Biden. Addressing the nation.
Addressing the media on the decision
to ban Russian oil imports in the wake of Russia's invasion
of Ukraine saying that Ukraine
the war will not be a victory for the Russian
President Vladimir Putin.
Now this move by America will have far
reaching implications.
The global oil market have already been feeling the heat.
Our correspondent Susan Tehran is with us
on the broadcast this minute Susan as anticipated Joe Biden
there announcing the decision
to ban Russian oil imports take us through to what extent
America has prepared itself for this move because this is
going to have far-reaching implications on its economy
and overall on the global economy.
So really the move right now comes O'Malley with bipartisan
consensus and its support for this band.
So we have to take into consideration
that it's political, but we also have
to take into consideration that Russian oil is imported
in the United States less than 10% 3% petroleum
and perhaps Russia and now is deprived $20 million
of American money in order for this band
to be very effective.
The international community would have to come
in line with what the United States is doing
so, a lot of what is happening right now.
It was because of the political pressure
that this administration was facing another aspect
of it is that private companies were already shying away
from doing business in the oil and gas sector
with Russian companies.
So we'll have to wait and see how much
that this and will affect the Russian economy.
What it will affect is the rising gas prices
for American consumers here in the United States and we saw
the president adhere to that saying
that this will cost you.
He said that he's doing what he can
to bypass those costs.
He also made this promise before the invasion.
We have to remind our viewers that gas prices were
also going up the 4 Russia's invasion
of Ukraine here in the United States
because of short supply.
We were facing the same problems.
A lot of it that we were face
that we're facing right now the,
for this debacle with Russia and Ukraine
and many are arguing again it goes back to the fact
that if this administration just opens production
in the United States makes America energy independent
then we wouldn't be facing these problems.
Gas prices would not be going higher and you know we wouldn't
be in the debacle debacle that we are right now where this
administration hopes to move and get oil
and gas from other countries, notably Saudi Arabia, Venezuela
and Iran, which will face a lot of criticism here
at home and internationally in doing business
with governments that some some governments
like Venezuela that the United States doesn't
even recognize when it can really, you know,
get that benefit and profit and put it back
into the pocket of American oil makers.