The Kremlin has accused the United States of waging “economic war” against Russia due to the recent sanctions against the country, per Reuters.

What happened: President Joe Biden announced a ban on Russian oil imports Tuesday as a direct response to Russia’s unprovoked invasion of Ukraine, as I reported for the Deseret News.

  • “Russian oil will no longer be accepted at U.S. ports,” Biden said.
  • “We will not be part of subsidizing Putin’s war.”
  • “I’m going to do everything I can to minimize Putin’s price hike here at home.”
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Response: Kremlin spokesman Dmitry Peskov said Wednesday that the U.S. is currently waging “de facto economic war” and Russia could retaliate against the U.S., according to USA Today.

  • “The U.S., undoubtedly, declared an economic war against Russia and they are waging this war,” Peskov said.
  • Russia will do “what in the best way corresponds to our interests,” he said, according to USA Today.
  • Peskov did not offer specifics about how Russia would respond.

What’s next: Biden said gas prices will continue to rise in the U.S. as a result of the recent ban. But, he said, that’s a price to pay for ensuring freedom in Ukraine.

  • “Putin seems determined to continue on his murderous path no matter the cost. Ukraine will never be a victory for Putin.”
  • “People everywhere are speaking up for freedom.”