Post #41307 by commonone on the US Policy board

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Dope1: Biden had allowed the Russkies to see oil to the EU by giving their banks exceptions.

Marc Thiessen is an idiot who panders to fools.

Days before President Biden leaves the White House, the U.S. government has delivered a major blow against Russia. On January 10, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced its most comprehensive sanctions to-date against Russia’s energy sector. OFAC’s sanctions were complemented by another sweeping sanctions action by the U.S. Department of State (State Department) on the same day.

Also, with ten days to go in President Biden’s term, his Treasury Department announced tough new sanctions on Russia:

Friday’s actions targeting Russia’s energy sector have the potential to significantly disrupt Russia’s ability to generate revenue from the sale of oil. Unlike previous efforts to restrict Russia’s oil profits, such as the sixty-dollar-per-barrel price cap and sanctions on financial institutions such as Gazprombank, the latest sanctions directly target Russia’s energy sector and its ability to export oil. Notably, the United States and the United Kingdom designated two important Russian oil producers and exporters, Gazprom Neft and Surgutneftegas, along with their subsidiaries, which handle more than a quarter of Russia’s seaborne oil exports. These entities were designated under two different authorities—Executive Order (EO) 14024 and EO 13662. This is significant because EO 13662 sanctions are codified in law, specifically the Countering America’s Adversaries through Sanctions Act of 2017. This means that the incoming Trump administration will need to confer with Congress if it wants to lift the sanctions on these companies.

https://www.troutman.com/insights/a-minefield-in-r...

https://www.atlanticcouncil.org/blogs/new-atlantic...

https://www.npr.org/2023/02/03/1153833640/europe-r...

https://energyandcleanair.org/russia-sanction-trac...

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