U.S. Set to Tighten Russia Sanctions, Target "Shadow Fleet" and Energy Exporters; Moscow’s Revenue Stream in Crosshairs
In an escalation of Western pressure on Russia, unnamed U.S. officials have revealed to The Washington Post that the incoming Biden administration is preparing to impose fresh Ukraine-Russia latest: Kyiv says North Korean troops using …”>sanctions on Moscow, targeting its "shadow fleet" and previously unaffected energy exporters. The new measures could also result in the revocation of licenses that allow banks to process transactions involving Russian energy products.
Sources familiar with the matter suggested that these stringent sanctions are designed to strengthen the hand of President-elect Joe Biden’s team in negotiations with Russian President Vladimir Putin, with the aim of ending Russia’s military intervention in Ukraine.
Edwin Fishman, a senior fellow at Columbia University’s Center on Global Energy Policy, explained that the Biden administration had thus far refrain
