While speaking at the Brookings Institution in Washington, Daleep Singh, deputy national security adviser for international economics in the Biden Administration recently said, “Russia’s shift towards a full-fledged war economy requires the west to extend its sanctions policy, including by sanctioning third-party entities that trade with Moscow”. Singh said, “the United States would consider export controls to prevent China-Russia trade that threatens American security and take further action to increase the cost of Russia using a shadow fleet to evade the G7 countries’ oil price cap. US authorities could also broaden current sanctions language regarding financial facilitation, given Moscow’s moves to shift its economy […]
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