Monday, March 27

Russian President Vladimir Putin’s daughters sanctioned by Biden admin

Happy Wednesday, OnPolitics readers!

As oil company executives testified before Congress Wednesday to explain the skyrocketing rise in gas prices, the White House called on the industry to invest in immediate production.

“This is not the time to sit on record profits,” White House press secretary Jen Psaki said in a video message.

Gas prices, which were already on the rise, jumped further after Russia invaded Ukraine, and the president’s subsequent decision to ban the US import of all Russian energy products to target “the main artery of Russia’s economy.”

Biden has ordered the release of 1 million barrels of oil per day over the next six months from the Strategic Petroleum Reserve. The action will represent the largest release from the reserve in its nearly 50-year history.

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