Biden to announce new Russia sanctions ahead of Trump presidency

The Biden administration aims to reinforce Ukraine’s position on the battlefield to ensure it holds leverage in any future negotiations with Russia.

Details of the sanctions remain unclear, but US officials are briefing Trump’s incoming team on the measures.

Earlier this week, Reuters reported plans for additional sanctions targeting Russia’s oil revenue, which funds its war efforts. These may involve sanctions on two Russian oil companies, over 100 tankers, oil traders, and Russian insurance firms.

Military support and challenges

The US official noted that most promised weapons and munitions have been delivered to Ukraine, bolstering its munitions stockpile. However, military aid, including Abrams tanks, F-16 fighter jets, and ATACMS missile systems, has not led to significant battlefield advancements for Ukraine.

Ukrainian President Volodymyr Zelenskyy’s government continues to push for increased security guarantees, including potential NATO membership, to prevent future Russian aggression after any peace deal.

The United States is also expected to impose sanctions on additional Chinese entities for aiding Russia. US military officials are studying North Korean involvement in the Ukraine war, where thousands of North Korean personnel are believed to be assisting Russia.

Treasury Secretary Janet Yellen recently emphasized ongoing US efforts to cut Russia’s oil revenue and limit its access to foreign resources fueling the conflict.

(With inputs from Reuters)

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