Vikrant Shekhawat : Jan 11, 2025, 02:40 PM
Russia-Ukraine War: US President Joe Biden has taken a big step against Russia in the final phase of his administration by announcing new energy sanctions. The aim of these sanctions is to shock Russia's economy and help Ukraine defend its independence.Biden said that the US has so far imposed many major sanctions on Russia, the effect of which is clearly visible on the Russian economy. He believes that these new sanctions will make it even more difficult for Putin to continue the war. Under this announcement made on Friday, sanctions have been imposed on all those companies and institutions which cooperate in energy exports to Russia. The gas sector has been particularly targeted. The main objective behind this move is to weaken Russia's economic strength and force it to end the war.Indian companies also in the banned listThe sanctions list issued by the US also includes the names of two Indian companies. These companies are 'Skyheart Management Services' and 'Avision Management Services'. They are accused of cooperating in gas exports to Russia. The US administration imposed sanctions on these companies, saying that their cooperation was strengthening the Russian energy sector. Biden clarified that the purpose of these sanctions is to limit Russia's energy supply, so as to affect its war capability.Big impact on Russia's energy supplyAt a press conference held at the White House, Biden said that these sanctions would increase Putin's troubles. He said, "Putin is already facing many economic and political problems. We want to ensure that he does not get a chance to continue his aggressive actions." Biden said that these sanctions would have a profound impact on Russia's energy supply and would make it difficult for them to continue the war.Biden also acknowledged that these sanctions could also affect the US and other countries. He said that gas prices could increase by 0.03 to 0.04 US dollars per gallon. However, he also added that this price increase is necessary to weaken Russia's war capability.Help to Ukraine will continueThe Biden administration has also made it clear that the US is committed to helping Ukraine. He said that this action against Russia has been taken to help Ukraine maintain its independence. These sanctions have been imposed at a time when the war between Russia and Ukraine has been going on for three years.Donald Trump's stanceThe newly elected President Donald Trump is set to take over the presidency soon. He has pledged to end this war soon. However, Biden believes that maintaining pressure on Russia and weakening its energy sector is an important step towards ending the war.Trump plans to resolve this war through diplomatic means, but the Biden administration's view is that it is not possible to end the war without putting economic pressure on Russia.Tough times for PutinBiden said that Putin is now facing a tough time. His position is getting weakened due to increasing sanctions against Russia. He said, "Putin now has limited options. His economic and political position is getting weaker."These sanctions are likely to have a profound impact on Russia's energy market. Experts believe that disruption in Russia's energy supply will also affect the global market, but its objective of weakening Russia's war capabilities may be achieved.