US President Donald Trump in a meeting with Russian President Vladimir Putin in 2019
US goes after Russian gas money, part 2
While Donald Trump’s future sanctions policy is anything but certain, he may use a ‘carrot and stick’ approach to pursue an end to the war in Ukraine, although any changes will not happen overnight
Through its sanctioning of Gazprombank, the Biden administration has created an even higher threshold of restrictions for US President-elect Donald Trump to inherit in just under two months’ time. Regardless of whether or not Trump can achieve the swift end to fighting in Ukraine he has promised, there is unlikely to be any fast easing of sanctions pressure on the Russian energy sector, analysts agreed. “Sanctions policy under Trump remains a big unknown, but I expect this to be one of the bargaining tools in the Ukrainian peace agreements talks,” Anne-Sophie Corbeau, research scholar on global energy policy at Columbia University’s School of International and Public Affairs, told Petroleum
Also in this section
16 January 2025
Oil industry has potential for revitalisation despite political uncertainty and damage to infrastructure
16 January 2025
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift
16 January 2025
While the global energy transition is essential for reaching net zero, it is equally important that less-developed countries are allowed to realise the benefits of their hydrocarbon resources
16 January 2025
The EU should turn the page on its prescriptive approach and encourage innovation and competition, with biofuels and biogas being an essential part of the conversation
