Analysts believe the Biden administration previously did not introduce such sanctions because it feared rising inflation.
Current US President Joe Biden is considering the possibility of introducing new large-scale sanctions against Russia. The restrictions threaten, in particular, the energy sector of the aggressor country, reports The Washington Post, citing its sources.
The sanctions will target Russia’s “shadow fleet” and oil exporters, which are not yet subject to restrictions, the media said. In addition, the possibility of revoking the license that allows banks to process transactions in Russian energy resources is being discussed.
The move would give President-elect Donald Trump’s team more leverage in negotiations with Russian dictator Vladimir Putin to end Russia’s war in Ukraine.
Analysts believe the Biden administration previously did not impose tough sanctions against Russian energy because it feared rising gas prices and higher inflation, but “the election is over and inflation is under control.”
A senior official of the US presidential administration in a comment to the media called the new sanctions necessary to ensure that Ukraine is in the “best possible position” to defend itself and negotiate peace on fair terms .
The sale of energy resources remains one of the main sources of income for the Russian budget. According to S&P Global, last year the Kremlin got about $100 billion from it, the media notes.
As you know, a group of 12 states that are members of the Nordic-Baltic Eight Plus format have agreed to strengthen surveillance of ships that may be part of the so-called Russian shadow fleet.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.