From Politico Playbook PM by Rachael Bade, Eli Okun, and Garrett Ross:

‘PUTIN’S PRICE HIKE’ — After days of pushing back on growing bipartisan support for a Russian oil ban, President JOE BIDEN today unveiled the administration’s plan to block such imports. The president made clear that he’s been in contact with U.S. allies about this issue and acknowledged that while the U.S. produces its own oil and can thus afford to block Russian energy imports, most European nations are reliant on fossil fuel exports from Russia and won’t fully join the Biden administration in imposing similar sanctions.