The Trump team’s plans are in the early stages and will ultimately depend on the president-elect, the sources said.
Advisers to 47th US President-elect Donald Trump are developing a broad sanctions strategy to promote a diplomatic settlement to the war between Russia and Ukraine in the coming months as increasing pressure on Iran and Venezuela. Bloomberg reported this, citing informed sources.
The Biden administration recently imposed the largest sanctions against Russia’s oil trade of any Western country to date. The move has raised questions about how Trump views the measures, given his desire to quickly end the Russia-Ukraine war.
It is noted that the Trump team is considering two main strategies. One of the proposed policy measures – if the new administration believes a resolution to the war is possible – includes measures to support sanctioned Russian oil producers that could help reach a peace deal. The second option involves tightening sanctions to increase pressure.
The choices made by Trump will have major implications for the global oil market. Brent crude futures rose nearly $5 a barrel after Biden’s moves were announced. Some analysts expect further growth, pushing up fuel costs around the world.
The Trump team’s plans are in the early stages and will ultimately depend on the president-elect, the sources said. Last week, Trump announced that a meeting with Russian President Vladimir Putin was being prepared.
Remember that Trump delayed a quick fix to the war.
Recently, Putin’s press secretary Peskov said that Russian dictator Vladimir Putin still has no plans to negotiate with US President-elect Donald Trump.
In the past, the media reported that Donald Trump and Vladimir Putin seriously underestimate each other, and this is fraught with great dangers for Ukraine.
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.