Until Joe Biden Lets U.S. Oil Freely Flow, He’s Complicit In Putin’s War Crimes
Not sanctioning Russia’s energy sector neutralizes other western sanctions and damages the credibility of the U.S. and our European allies.
By: Helen Raleigh, The Federalist, March 04, 2022:
s Russia continues its invasion of Ukraine, the United States and western allies have imposed a new round of economic sanctions. But these won’t achieve the desired effect as long as there is a carve-out for Russia’s energy sector.
Last week, the United States imposed sanctions on four large Russian banks and restricted certain Russian state-owned enterprises from raising money in international markets. On Monday, the U.S., the European Union, and the United Kingdom took an extraordinary step to sanction Russia’s central bank, the Bank of Russia, preventing it from moving assets it held abroad to stabilize Russia’s economy, or “using other government and private banks to manage central bank operations.” Additionally, the U.S. Department of Treasury prohibited Americans from doing business with Russia’s central bank, finance ministry, and Russia’s sovereign wealth fund. No country’s central bank had ever been sanctioned like this before. According to officials from the Biden administration, these latest sanctions targeting Russia’s banking and financial systems represent the West’s “biggest sanctions campaigns in the past half-century.”
https://gellerreport.com/2022/03/biden-lets-russia-oil-freely-flow-while-shutting-down-american-oil-hes-complicit-in-putins-war-crimes.html/
