US Considers New Russia Oil Sanctions to Weaken Putin Ahead of Trump
- Restrictions would also target Russia’s shadow tanker fleet
- Biden looks for ways to sap Kremlin’s war machine in Ukraine
Source: Bloomberg
The Biden administration is weighing new, harsher sanctions against Russia’s lucrative oil trade, seeking to tighten the squeeze on the Kremlin’s war machine just weeks before Donald Trump returns to the White House.
Details of the possible new measures were still being worked out, but President Joe Biden’s team was considering restrictions that might target some Russian oil exports, according to people familiar with the matter who asked not to be identified discussing private deliberations.