European energy prices have risen 335% over the last year and 26% over the last five days.
That could still take place, however, as the United States and Western European nations continue to ramp up pressure on Russian President Vladimir Putin over his invasion of Ukraine."As we look at steps to take, even if you look at the impact on the energy sector, we have not taken some steps on energy sanctions," Psaki said."They remain on the table, but Europeans, for example, are very concerned about further price spikes on gas.
Major sanctions have been levied against Russia elsewhere, affecting its currency, banks, and oligarchs, including Putin personally. But some other actions have yet to be taken, including a no-fly zone over Ukraine, which the Biden administration says would be"escalatory," along with energy sanctions.
Psaki also said Monday that there was no update on calls for the U.S. to follow Canada and the European Union by barring Russian flights.
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