The administration of US President Donald Trump is developing a new package of economic sanctions aimed at critically important sectors of the Russian Federation’s economy. According to reports, these measures may be implemented if Vladimir Putin does not agree to end the war against Ukraine in the near future.
This is reported by Finway
Possible Restrictions on Russia’s Banking System and Oil Infrastructure
According to information, the new sanctions could affect Russia’s banking sector as well as the infrastructure related to the transportation of Russian oil. The US has already informed its European allies of its readiness to intensify sanctions pressure, and has also supported the European Union’s initiative to use frozen Russian assets to finance the purchase of American weapons for Ukraine.
“Ukrainian officials have proposed their version of expanding sanctions measures to the US. Among the ideas are measures to disconnect all Russian banks from the dollar system. Currently, Washington is assessing Moscow’s reaction to the first package of sanctions against ‘Lukoil’ and ‘Rosneft’. New sanctions, if approved, are planned to be implemented no earlier than November.”
Europe Increases Pressure, US and Qatar – Key Energy Suppliers
European countries are also continuing to increase pressure on Russia. British Prime Minister Keir Starmer has promised to take measures to “remove Russian oil and gas from the global market” as part of a pan-European strategy to end the war in Ukraine. At the same time, developed projects for the supply of liquefied natural gas from the US and Qatar will allow the EU to completely abandon imports of Russian LNG by 2027 without significant price shocks. Currently, the US supplies over half of the LNG imported to Europe, and this share could rise to 70%.
Last week, Qatar and the US urged European leaders to reconsider corporate sustainability standards, as they believe these could complicate stable energy supplies to the EU.