Hi, this is Shiba, and I'm calling from Holland, where I've lived for four months now.

It's beautiful and quaint here, with tons of bike paths and great beer.

The best part is, I'm only three hours from my old friends in Detroit, because I'm in Holland,

Michigan. This podcast was recorded at 2.07 pm on Tuesday, the 8th of March.

Things may have changed by the time you hear it, but I'll probably be on my bike headed to the nearest

brewery. Okay, here's the show.

We've got all these like, bait and switch timestamps now.

It's the new trend. You know what? I like this trend. I'm going to stick with it.

Let give us more bait and switch timestamps, people.

Hey there, it's the NPR Politics podcast. I'm Tamer Keith. I cover the White House.

I'm Scott Detro. I also cover the White House.

And we are joined by another Scott Horsley Chief Economics correspondent for NPR, Hey Scott.

Good to do with you all. Welcome back.

So President Biden announced today that the US would ban imports of Russian oil and gas.

This is a step that we're taking to inflict further pain on Putin,

but there will be cost as well here in the United States. I said I'm going with the American people.

And I guess this is to both of you. Explain what this ban means in practical terms for the US,

as I understand it, the US does not actually import that much oil from Russia.

Yeah. That's right. So in practical terms, this will have very little impact on the supply of oil

coming into the US. We weren't importing a lot of oil before and we'll go from importing little

to importing none. This does come though at a time when world oil markets have been

roiled by the prospect of limits on Russian oil exports. Russia is a big player in the world market,

...