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The Biden administration is cracking down on the Russian “shadow fleet” and taking steps to curb oil and gas production.
By Alan Rapport
Washington reports
On Friday, the United States announced new sanctions targeting the Russian power sector and its “shadowed fleet” of tankers on tankers in what may be a final attempt through Biden’s administration to cripple the Russian economy in reaction to Moscow’s war in Ukraine.
President Biden has been cautious in his to the sanctions opposed to the electrical sector of Russia for fear that closing their exports would send gas costs worldwide. But US officials said that the global materials of the seritable and the ease of inflation presented an opportunity to put more tension in those of Russia. Petroleum industry as war is its fourth year.
Despite a coordinated effort by Western allies to economically punish Moscow for its actions, the Russian economy has avoided the collapse that many economists predicted.
The Biden administration’s moves will put the burden on the Trump administration to whether to enforce the sanctions. Aderan officials in Biden’s administration were discouraged when asked if the sanctions had been discussed with President-elect Donald J. ‘s transition team. Measures to supply the next administration with greater leverage over Russia to negotiate an end to the war.
“The United States is taking drastic measures opposed to Russia’s main source of profits to finance its brutal and illegal war opposite to Ukraine,” the Treasury Secretary, Janet L. yellen, in a statement. With today’s sanctions, we are expanding the dangers of the sanctions related to Russian oil trade, adding monetary shipping and facilitation of Russian oil exports. “
On Friday, oil costs jumped from the announcement of sanctions amid considerations that new restrictions, as well as the climate inclined in the US and forest fires in California, can restrict global feeding sources.
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