Trump Team Readies Sanctions Plan for Russia Deal, Iran (1)

Advisers to President-elect Donald Trump are crafting a wide-ranging sanctions strategy to facilitate a Russia-Ukraine diplomatic accord in the coming months while at the same time squeezing Iran and Venezuela, people familiar with the matter said.

The outgoing Biden administration on Friday imposed the most disruptive sanctions on Russia’s oil trade by any Western power to date. The move created an open question about how Trump views the measures, given his commitment to quickly ending the war in Ukraine.

There are two main approaches under consideration by the Trump team. One set of policy recommendations — if the incoming administration ...