The administration of US President Joe Biden is developing measures to increase sanctions against Russia, aimed at ensuring that Moscow cannot avoid them – in particular, by reorienting trade to China and India.
It is reported by “European Truth” with reference to The Wall Street Journal.
The purpose of the second phase of the sanctions, according to the sources of the publication in the Biden administration, is to “eliminate the opportunities currently available that provide Russia with the income and imports that Putin needs to continue the war.”
Among the possible measures, they name the imposition of sanctions on foreign banks and cryptocurrency trading platforms through which the Russian Federation gains access to international currencies, the confiscation of bank accounts and corporate assets belonging to blacklisted oligarchs, as well as the punishment of foreign companies that continue to export prohibited goods. in the Russian Federation.
It also means that countries such as China and India, which have not joined the West’s economic sanctions, must be persuaded to reduce the financial and trade flows that are still flowing into Russia.
The reason for the tightening of sanctions, the interlocutors of the newspaper say is that, despite the current restrictions, Russia continues to receive super profits from the sale of energy products due to a sharp increase in their prices.
Among the main concerns in Washington are cooperation between Russia and China: the latter continues to supply Moscow with some technologies that can be used in the military industry, such as processors and other electronics.
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