White House Meets with Oil, Bank, Other Companies about Russia Invasion

President Biden and other administration officials on Monday met with executives from various industries including oil companies, clean energy firms and major banks about the ongoing conflict between Russia and Ukraine.

A White House readout of the meeting said that National Security Advisor Jake Sullivan, Senior Advisor Cedric Richmond, National Economic Council Director Brian Deese, Treasury Secretary Janet Yellen and Commerce Secretary Gina Raimondo met with the CEOs of 16 major companies to discuss the latest developments of Russia’s invasion of Ukraine.

The readout said that officials “conveyed the Administration’s commitment to continue imposing heavy costs on [Russian President Vladimir] Putin to degrade Russia’s war machine and support the people of Ukraine, while taking concrete actions to mitigate the price increases on American consumers caused by Putin’s action”

It said they also discussed the need to “work together” on disruptions to global markets and supply chains, especially energy and agriculture, and identify alternative sources of key products. And it said they all committed to “close communication” going forward.