Meanwhile, U.S. House of Representatives Speaker Nancy Pelosi also said in a Sunday letter that the chamber is “exploring” legislation to ban the import of Russian oil and that Congress intends to enact this week $10 billion in aid for Ukraine in response to Moscow’s military invasion of its neighbour.
Still, Blinken also stressed the importance of maintaining steady oil supplies globally.
Oil prices , have soared over the past week after the United States and its allies sanctioned Russia over the invasion.
So far, it has stopped short of targeting Russia’s oil and gas exports as the Biden administration weighs the impacts on global oil markets and U.S. energy prices.
He said there were a series of additional measures that the United States was looking at to increase the pressure on Russia, but he did not provide any details on what the new measures would be.
The U.S. national average for a gallon of gasoline hit $4.009 on Sunday, the highest level since July 2008, according to AAA. Consumers are on average paying 40 cents more than a week ago, and 57 cents more than a month ago.
Reporting by Humeyra Pamuk and Jarrett Renshaw; Additional reporting by Ju-min Park in Tokyo; Editing by Lisa Shumaker, Mark Porter and Diane Craft.