Against the background of the upcoming presidential elections, the administration of US President Joe Biden fears in the oil sector that sanctions against Russia, Iran and Venezuela could lead to an increase in fuel prices. writes about this Wall StreetJournalWith reference to sources.
According to the publication’s interlocutors, the White House wants to maintain stable gas prices thanks to the entry of oil into world markets, as well as to continue the process of imposing sanctions on Russia, Iran and Venezuela in this area.
Such a policy has led to softer-than-expected restrictions on oil producers, the WSJ writes.
An official from the Biden administration explained that the president is doing everything possible to ensure low prices at gas stations for ordinary Americans, as this affects the daily lives of citizens.
The WSJ also quotes John Smith, former head of the US Treasury Department’s Foreign Assets Administration, as saying that Washington is extremely careful in imposing sanctions to avoid damaging the economies of Western countries.
Before that USA more active To conduct research on Turkish companies that can cooperate with Russia in overcoming sanctions.
Previously It was predicted that Russia would see a sharp increase in oil and gas revenues.
What are you thinking?
Source: Gazeta
Emma Matthew is a political analyst for “Social Bites”. With a keen understanding of the inner workings of government and a passion for politics, she provides insightful and informative coverage of the latest political developments.