From New York Times, I'm Michael Bavaro. This is a daily.

Today, the United States unleashes its most dramatic punishment so far against Vladimir Putin

for waging war on Ukraine by banning the importation of Russian oil.

I spoke to my colleague, Energy Reporter Clifford Krause, about just how much that will

hurt Russia and American consumers.

It's Wednesday, March 9.

If tell us about this speech that President Biden delivered on Tuesday, on Tuesday morning

President Biden walks up to the podium at the White House and solemnly delivers a speech,

a provocative one that we weren't really sure he would ever give.

Today I'm announcing the United States is targeting the main artery of Russia's economy.

We're banning all imports of Russian oil and gas and energy.

He said, I'm going to cut off all Russian oil imports to the United States in order to

hurt Vladimir Putin to punish him and try to end his war against Ukraine.

This is a move that has strong bipartisan support in the Congress and I believe in the country.

America's of rally support have rallied to support the Ukrainian people and made it clear

we will not be part of subsidizing Putin's war.

Biden stressed the broad support for this policy among Congress and also among Americans

in general and he said it's going to come with some sacrifice.

The decision today is not without cost here at home.

Putin's war has already heard in American families that the gas pump.

Since Putin began his military build up in Ukrainian borders, just since then the price

of the gas of the pump in America went up 75 cents and with this action it's going to go

...