White House wary of imposing new sanctions on Russia. NYT revealed its reasons
White House wary of imposing new sanctions on Russia (photo: Getty Images)
The United States fears new sanctions against Russia for using oil tankers to circumvent Western restrictions. The White House believes that this could lead to a rise in oil prices and harm Biden's election campaign, according to The New York Times.
According to the newspaper, the US Treasury has proposed new measures to harm the fleet of outdated oil tankers that help deliver Russian oil to buyers around the world in defiance of Western sanctions.
Thus, the department's efforts are aimed at punishing Russia, but they have reached a dead end due to the White House's concerns.
"While Treasury officials want to knock Russian tankers out of commission, economic advisers inside the White House worry that would risk inflaming oil prices this summer and push up US gasoline prices, which could hurt Mr. Biden’s re-election campaign," the article emphasizes.
Sources of the newspaper said that according to analytical data of the Treasury, such anti-Russian sanctions will have a minimal impact on the oil market. However, the proposed initiative is still under consideration and is unlikely to be adopted before the end of the elections.
According to Axios, Democrats hope that US President Joe Biden will withdraw his candidacy from the election by Friday.
Earlier, RBC-Ukraine reported how the second round of the parliamentary elections in France ended.
