US Forced To Limit Sanctions On Russia Due To Oil Price Fears
Date
6/29/2024 10:16:52 PM
(MENAFN- AzerNews)
The Biden administration finds itself in a precarious position,
unable to exert maximum sanctions pressure on the energy sectors of
Russia and Iran due to concerns over potential global oil price
spikes, Azernews reports, citing Report.
A high-ranking official from the US administration stated,
"President Biden wanted to do everything possible to ensure the
lowest price at the pumps for American consumers, as this directly
affects the daily lives of citizens."
John Smith, former head of the Office of Foreign Assets Control
at the US Treasury Department, offered his insight.
"Washington and its allies are approaching new sanctions very,
very carefully to avoid overdoing it and harming the functioning of
Western economies," he said.
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