White House Press Secretary Jen Psaki has said that “nothing is off the table,” including oil and energy sanctions should Putin continue his designs on Ukraine.
Psaki joined “America’s Newsroom” to discuss the Biden administration’s response to the crisis in Ukraine as it relates to energy and any and all moves the White House is still considering as the unprovoked Russian assault continues.
“They have serious financial problems on the ground in Russia that is impacting President Putin and the circle around him,” Psaki told co-hosts Dana Perino and Bill Hemmer. “What he also looks at, though, and we were very cognizant of, is minimizing the impact on the global markets and the American people.”
Psaki also mentioned a “wide range of options remain on the table” when asked about potentially reopening the Keystone XL Pipeline to minimize energy dependence abroad, reiterating the president’s concern surrounding energy prices.
“This Keystone pipeline, it would take years for that to have an impact on prices,” Psaki said. “Obviously, there are a range of reasons why the president opposes it, but it wasn’t functioning, isn’t functioning. It would take years. There are also 9000 approved oil leases that oil companies are not tapping into.”
“So yes, we all want to take steps to address any rise in gas prices that impact the American people,” she continued. “But we should be very clear about what policies will help and what policies will not help.”
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