Live updates: Biden says sanctions won't disrupt oil markets

U.S. President Joe Biden says the sanctions against Russia for invading Ukraine will not disrupt the global oil and natural gas markets.

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U.S. President Joe Biden says the sanctions against Russia for invading Ukraine will not disrupt the global oil and natural gas markets.

Biden says, "Our sanctions package is specifically designed to allow energy payments to continue."

The president announced a series of sanctions at a White House speech Thursday. The sanctions include restrictions on exports to Russia and sanctions on Russian banks and state-controlled companies.