Biden may impose strong sanctions against Russian energy
news.online.ua
Tue, 24 Dec 2024 21:12:05 +0200
What is known about the likelihood of Biden introducing largescale sanctions against Russian energyAccording to the publications sources, the sanctions will be directed against Russias shadow fleet, which transports Russian oil to circumvent Western sanctions.The sanctions will also affect Russian oil exporters, which are not currently subject to restrictions.The possible revocation of licenses for banks that process transactions with Russian energy resources is also being discussed.
Why has Biden only now dared to impose sanctions against the Russian energy marketAccording to the interlocutors, such a move will give future President Donald Trump and his team more leverage during future negotiations to resolve the criminal war waged by Russia against Ukraine.As Edward Fishman, a senior fellow at the Center for Global Energy Policy at Columbia University, notes, the Biden administration has not previously imposed tough sanctions on the Russian energy sector due to concerns about rising gas prices and rising inflation.
But the elections are over and inflation is under control.
The reasons for such caution about sanctions are no longer relevant, Fishman explains.
At the same time, a senior White House official, in a comment to the publications journalists, noted that new strong sanctions are necessary to provide Ukraine with the best possible defense position and to negotiate peace on fair terms.
This action will be another step towards achieving this goal, a White House representative explains.
Energy sales remain one of the main sources of revenue for the Russian budget.
According to SampP Global, the Kremlin earned about 100 billion from this last year.
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