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White House press secretary Jen Psaki told CNN this morning that sanctions on Russia oil exports are “still on the table”. Psaki noted the impact that such an extreme measure would have on gas prices – Russia is the world’s second largest oil producer – and noted the White House’s sensitivity to domestic impact.
“What [Biden] does not want to do is topple the global oil markets or the global marketplace or impact the American people more with higher energy and gas prices,” Psaki said.