Biden may impose "serious sanctions" on Russia's energy sector by end of his term – WP
www.pravda.com.ua
Wed, 25 Dec 2024 09:01:00 +0200
The administration of Joe Biden has been considering the introduction of new serious sanctions targeting Russias energy sector before the end of the US presidents term.
Source The Washington Post, citing sources, as reported by European Pravda Details WPs sources suggest that measures under discussion within Bidens team include new restrictions on the shadow fleet transporting Russian oil in circumvention of current sanctions, as well as targeting Russian oil exporters not yet under sanctions.
Additionally, the administration is considering revoking licenses allowing banks to process transactions related to Russian energy exports, the paper reports.
The Washington Posts sources say Biden had previously avoided overly harsh sanctions on Russias energy sector, fearing a sharp rise in global oil prices and, consequently, higher fuel costs in the US.
However, with inflation declining and the global oil market stabilising, these concerns are reportedly less significant now.
A senior Biden administration official told WP that the new sanctions aim to ensure Ukraine is in the best possible position for selfdefenсe and potential peace negotiations under just terms.
This action would be another step toward achieving that objective, the official added on condition of anonymity.
Background Earlier, Bloomberg reported that the Group of Seven G7 nations are discussing a possible reduction in the socalled price cap on seaborne Russian oil to limit Russias oil revenues.
In addition, the EU adopted its 15th sanctions package against Russia on 16 December, aimed at countering sanctions evasion by targeting Russias shadow fleet and weakening its defence industrial base.
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