Biden announces the release of one million barrels per day from the reserves to reduce oil prices

Biden announces the release of one million barrels per day from the reserves to reduce oil prices On Thursday, US President Joe Biden renewed his attack on his Russian counterpart, Vladimir Putin, saying that "the American household budget related to fuel should not be affected by the actions of a dictator."  On Thursday, US President Joe Biden renewed his attack on his Russian counterpart, Vladimir Putin, saying that "the American household budget related to fuel should not be affected by the actions of a dictator."  Biden indicated in a video speech that the increase in gasoline prices was "mainly due to the Corona pandemic and the Ukraine war."  He called on oil companies to "stop increasing their profits at the expense of the American people."   This comes in conjunction with the US President's announcement of "releasing one million barrels per day from the strategic reserve for a period of 6 months" in order to reduce oil prices.  In the same context, Biden confirmed that the sanctions imposed against Russia and other measures "contributed to isolating Putin from the world."  He called on European countries to be "independence" from Russian gas, saying that this step would "completely change the situation."  "Washington will not let Putin use his energy resources as a weapon," he added.   On the other hand, Biden questioned the fact that Putin withdrew his forces from Ukraine.  And he added, "There is no clear evidence that Putin is withdrawing his forces from Ukraine."  He explained that there are indications that the Russian president "sacked or placed under house arrest some of his advisers," stressing that he did not have "compelling evidence" of that.  On February 24, Russia launched a military operation in Ukraine, which was followed by angry international reactions and the imposition of "tough" economic and financial sanctions on Moscow.  To end the operation, Russia requires Ukraine to abandon any plans to join military entities, including the North Atlantic Treaty Organization (NATO), and to adhere to complete neutrality, which Kyiv considers an "interference in its sovereignty."

On Thursday, US President Joe Biden renewed his attack on his Russian counterpart, Vladimir Putin, saying that "the American household budget related to fuel should not be affected by the actions of a dictator."

On Thursday, US President Joe Biden renewed his attack on his Russian counterpart, Vladimir Putin, saying that "the American household budget related to fuel should not be affected by the actions of a dictator."

Biden indicated in a video speech that the increase in gasoline prices was "mainly due to the Corona pandemic and the Ukraine war."

He called on oil companies to "stop increasing their profits at the expense of the American people."


This comes in conjunction with the US President's announcement of "releasing one million barrels per day from the strategic reserve for a period of 6 months" in order to reduce oil prices.

In the same context, Biden confirmed that the sanctions imposed against Russia and other measures "contributed to isolating Putin from the world."

He called on European countries to be "independence" from Russian gas, saying that this step would "completely change the situation."

"Washington will not let Putin use his energy resources as a weapon," he added.


On the other hand, Biden questioned the fact that Putin withdrew his forces from Ukraine.

And he added, "There is no clear evidence that Putin is withdrawing his forces from Ukraine."

He explained that there are indications that the Russian president "sacked or placed under house arrest some of his advisers," stressing that he did not have "compelling evidence" of that.

On February 24, Russia launched a military operation in Ukraine, which was followed by angry international reactions and the imposition of "tough" economic and financial sanctions on Moscow.

To end the operation, Russia requires Ukraine to abandon any plans to join military entities, including the North Atlantic Treaty Organization (NATO), and to adhere to complete neutrality, which Kyiv considers an "interference in its sovereignty."
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