The European Union is drafting proposals to impose a ban on the import of Russian oil, the top diplomats of Ireland, Lithuania, and the Netherlands have declared despite no consensus on the issue by member nations.

The world is watching the Russian “special military operation” in Ukraine with bated breath as the slightest misstep can potentially end in such a way that would send shockwaves across the globe.

Conversations are taking place within the Biden administration and with the US energy industry to minimize the impact of such a ban on American consumers and the global supply.