Biden’s Late, Harsh Sanctions on Russian Oil: Too Little, Too Late?
The Biden administration imposed sweeping new sanctions on Russia’s energy sector, targeting major oil companies, oil-carrying vessels, and LNG production to cripple Moscow’s war funding. These actions, coordinated with the UK, aim to inflict billions of dollars in monthly losses on Russia and strengthen Ukraine’s negotiating position with the incoming Trump administration. While acknowledging the potential for circumvention, officials emphasized the sanctions’ disruptive effect on Russia’s war machine. The timing, officials stated, considered global oil market stability and the US economy’s improved position.
John Q. Hosedrinker