US weighs new Russia oil sanctions to weaken Putin ahead of Trump, Bloomberg News reports

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#Americas
#Asia
#Pacific
#Content produced in Bangalore
#Central
#Eastern Europe
#CIS Countries
#Europe
#Middle East and Africa
#Emerging Market Countries
#North America
#North Asia
#government
#Politics
#International Trade
#Embargoes
#Sanctions

Illustration shows pump jack in the front word "Sanctions", U.S. and Russia flag colours

FILE PHOTO: A model of a pump jack is seen in front of the displayed word "Sanctions", U.S. and Russia flag colours in this illustration taken March 8, 2022. REUTERS/Dado Ruvic/Illustration/File photo

Source: X02714

The U.S. government is weighing new, harsher sanctions against Russia's lucrative oil trade, seeking to tighten the squeeze on the Kremlin's war machine just weeks before Donald Trump returns to the White House, Bloomberg News reported on Tuesday.

The details of the new measures are not yet finalized but President Joe Biden's team was considering restrictions that might target some Russian oil exports, the report said, citing people familiar with the matter.

This article was produced by Reuters news agency. It has not been edited by Global South World.

By Reuters

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