According to Washington Post sources, Joe Biden is preparing sanctions that would affect Vladimir Putin’s war chest.
Outgoing President of the United States Joe Biden is considering imposing new sanctions on Russia’s energy sector.
Biden’s presidency ends at the beginning of January.
of The Washington Post sources said that before his presidency ends, Biden wants to recall the Russian president Vladimir Putin with a “farewell blow”.
With the blow, the sources apparently refer to the dent in Putin’s war chest caused by possible new sanctions.
Four sources say that Biden’s sanctions could target Russia’s so-called shadow fleet, i.e. ships that transport Russian oil.
With the help of the shadow fleet, Russia has managed to circumvent Western sanctions.
The Biden administration is also considering countermeasures against countries that help Russia transport oil.
In addition, according to sources interviewed by WP, Biden is considering revoking the licenses of entities that allow banks to handle funds generated from Russian energy sales.