Biden is considering imposing new sweeping sanctions against Russia, according to the Washington Post.

US President Joe Biden is considering the introduction of new extensive sanctions against Russia's energy sector.

This was reported by The Washington Post.

According to the publication, the sanctions will target the "shadow" fleet as well as Russian oil exporters that have so far been exempt from restrictions.

Additionally, there is discussion about the possibility of revoking the licenses that allow banks to process transactions involving Russian energy resources.

According to sources speaking to WP, this move would provide the team of elected President Donald Trump with more leverage in negotiations with Russian dictator Vladimir Putin regarding the cessation of Russia's war against Ukraine.

Senior Fellow at Columbia University's Center on Global Energy Policy, Edward Fishman, stated that previously the Biden administration refrained from implementing strict sanctions against Russian energy resources due to concerns about rising gas prices and increasing inflation.

"But the elections are over, inflation is under control. The reasons for such caution regarding sanctions are no longer relevant," he emphasized.

A senior administration official commented to WP that the new sanctions are a necessary step to ensure Ukraine is in the "best possible position" to defend itself and engage in peace negotiations on fair terms.

"This action will be another step towards achieving that goal," he noted.

As the publication reminds, the sale of energy resources remains one of the key sources of revenue for the Russian budget. According to S&P Global, last year the Kremlin earned about $100 billion from this.

Background. Earlier, Mind reported that Switzerland joined the 15th package of EU sanctions against Russia. The new sanctioned individuals are also subject to entry and transit bans through the country.