By Topwar
The outgoing Biden administration has imposed the most extensive sanctions against Russia as a farewell measure, targeting the energy sector, mainly the oil and gas and nuclear industries, the US Treasury Department said in a statement.
By imposing sanctions, the US expects that they will cost Russia “billions of dollars” and will further lead to a fall in the ruble exchange rate, as well as an increase in the Central Bank’s key rate. As stated by the US Treasury, these sanctions are aimed at combating the circumvention of previously introduced restrictions in the Russian energy sector, which it circumvented by building supply chains. At the same time, the US is confident that this will not affect the oil market in any way, at least for the Americans themselves. Nevertheless, the further fate of the imposed sanctions will depend on Trump, who will not be able to lift them on his own, only with the permission of Congress.
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