The Biden administration won’t sanction Russian crude oil because that would harm U.S. consumers and not
“The sanctions will not target the oil flows as we go forward,”
The remarks underscore the Biden administration’s approach to sanctions that are intended to maximize pain for the Russian president while minimizing the blowback for U.S. and European consumers.
“If we target the oil and gas sector for Putin, and in this case the Russian ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.