As the US is looking for more ways to inflict damage on Russia’s economy, the Biden administration is reportedly considering targeting buyers of Russian oil, which would be a significant escalation in the US sanctions campaign.
The New York Times reported last week that the proposed measures include a price cap and so-called secondary sanctions that would block Russian oil buyers from doing business with companies based in the US and in other nations aligned with Washington. The US has similar sanctions imposed on Iranian oil sales.
Energy Secretary Jennifer Granholm wouldn’t rule out the idea of secondary sanctions when asked by reporters about the measures last week. “I know that that’s certainly not off the table,” she said. “The administration is going to be making decisions in that vein … I’m not telegraphing, that’s their call.”
US officials told the Times that while they are looking to hurt Russian oil sales, they don’t want to reduce the commodity from the global market too suddenly as it would cause a surge in oil prices. But the US is pushing countries to implement phased bans of Russian oil.
The EU is currently working on a plan to end imports of Russian oil by the end of 2022, but it is being delayed due to strong objections from Hungary. The US would likely wait until the EU agrees on the way to wean itself off Russian oil before rolling out the secondary sanctions.
If implemented, the secondary sanctions could target China and put the US on a collision course with India, which has continued the purchase of Russian oil despite the pressure from Washington. So far, the US, Britain, Canada, and Australia have all banned the import of Russian oil.
US Mulls Sanctioning Countries That are Buying Russian Oil
So, they are gonna sanction themselves then?
In more ways than one.
$8 gas, here we come …
Already talking about removing tariff on China,as prices r getting to high and they r going to sanction Russian oil sales thus sanctioning China and remove Russian oil from market thereby increasing price and inflation, yeah right
Destroy world trade one country at a time, good job obama/Biden!
CT, we need China.
They don’t need us.
To show is the way to more prosperity. High speed rail, etc.
I guess they have a lot of spare time?…
WRU:
I’m going to start my day with “good morning”…
It was my understanding that CT was being facetious…
They? You buy into that stupid sh*t?
The hubris is overwhelming.
The US believes in freedom SO much that no one is free to have anything to do with anyone who has anything to do with Russia. Coincidentally, the alternative markets everyone will be required to use are the US and it’s puppet regimes. The invisible hand of the free market requires a hidden fist, once again.
Well put!
Such sanctions would definitely accelerate de-dollarization.
The point of national energy imports is first to stay alive and then to make stuff to sell to the United States market.
Selling to the US market means living well supporting the US dollar recycling scheme so Americans can spend beyond their means.
The US seems to forget who’s plugged into who, and that America needs healthy world trade – even with Russia – more than anything to function as a superpower.
Well stated.
Self Destruction in Progress… But they don’t know it…!
They do know, or so they think.
The Great Reset is going according to plan, until it starts resetting the ‘wrong’ billionaire oligarchs.
“US officials told the Times that while they are looking to hurt Russian oil sales, they don’t want to reduce the commodity from the global market too suddenly as it would cause a surge in oil prices.”
And if it’s not done “too suddenly”, there will be no rise in oil prices? Or are they counting on a dumbed downed propagandized citizenship not to notice the oil prices going up at a slower pace? So, I’m paying $4.55 for a gallon now and if I’m paying $7 bucks a gallon in two months, I won’t be as pissed as if I were paying $7 next week? Got it. By all means, carry on.
Wars, I can’t decide which is the worst president of my lifetime: Dubya or Bye-Done. I suppose it’s a tie.
Kennedy was certainly the best, although I was a young child at the time he was president and not especially comprehensive of politics. I still recall when he visited my hometown of Flint before the election, landing in a helicopter not far from our home, and my mother taking us to see him.
We were Catholic schoolchildren and our parents plastered us with Kennedy buttons. When he was assassinated we were in tears and practically rending our garments. Thanks, LBJ ( another candidate for worst president).
“We were Catholic schoolchildren and our parents plastered us with Kennedy buttons. When he was assassinated we were in tears”
Exactly the same with my family. I did recover from being a Catholic. I hope you were able to also.
I did, Wars, many years ago.
I tried to be an atheist but couldn’t shake the thought that there was something bigger than us all. I explored several religions; when I found Paganism, I realized I’d been Pagan all my life and didn’t realize it.
It’s NATURE that’s bigger than us all!
My friends call me “ mystical magical ____”. 😉
And yes, I have several cats who are my familiars!
I also have some psychic abilities; I’m a bonafide empath and can absorb physical and emotional pain from those around me.
I can also see people’s auras, which is pretty cool…pretty aura, pretty individual.
I tried NOT to be an Atheist and nothing worked. Actually, I call myself an agnostic because I can’t be arrogant enough to think I have all that vastness figured out. It’s the “conventional” god, as I call it, that I definitely do not think exists.
Agree, Wars, about the conventional god. When I pray, I address my deity as “Goddess”….it’s Mother Nature, not Father Nature.
You have to include Clinkton with Dubya and Bye-done.
Yes, you do. Glad I never voted for him; those were my Ralph Nader years.
The Clinton era was the dawn of the tech boom.
A strong economy lifts everyone’s boat, including the fortunes of the antiwar movement.
However, it also increases middle class insouciance.
Ehhhh, I was a small child when he was killed too, and I grew up hearing the “Camelot” fable; but Kennedy was at the helm for Bay of Pigs, the Cuba Missile Crisis, and initiated our involvement in Vietnam. And as a candidate, he fomented the “Big Lie” about the US-USSR “missile gap” advocated a huge increase in military spending, and claimed Ike was “soft of Commies”. And he was only President for two years….God knows how much damage he could have done had he lived. I’m not cheering his death, but it’s 50/50 that in shooting him, the American people actually dodged a bullet.
That’s terrible!
Kennedy sent only ADVISORS to Vietnam, and was intent on recalling most of them.
He defused the Cuban missile crisis by working with Kruschev, withdrawing nuclear weapons from Turkiye in exchange for no missiles in Cuba.
I have read dozens of books on Kennedy, gaining knowledge of him in that manner since I was too young to comprehend politics when he actually was president.
And all the civil rights legislation passed by Johnson?
Those were written by JFK.
And the Bay of Pigs incident was fomented by the CIA, which Kennedy threatened to disband as a result.
He started with Advisors; I don’t know (no one does, really) if he would have drawn down or not, but nothing in his makeup suggests he would have; he ran as a virulent anti-communist; and sorry, he may have de-escalated the Cuban missile crisis; but it wouldn’t have BEEN a crisis in the first place if he hadn’t over-reacted to what was at the bottom a Soviet reaction to our own missile deployments in Turkey, and other nuclear weapons in Europe, and in Asia, and his flying U-2 aircraft over Cuba (one of which was shot down) was an actual Act of War; and his ILLEGAL(by international standards) blockade of Cuba, threatening to sink soviet cargo ships if they dared ignore it, came dangerously close to starting one. So, in retrospect, it looks like Kruschev was the more mature and reasonable of the two.
So, yeah, big of him to agree to remove our missiles from Turkey in exchange for theirs from Cuba, but that’s what Kruschev initially demanded, and Kennedy initially refused and seemed ready to risk nuclear war before he caved. And, to the extent that he allowed Bay of Pigs to go forward (and blaming your subordinates afterwards for a bad plan you allowed to go forward is the very opposite of “leadership”) led, in large part, to the Cuban crisis in the first place.
Kennedy created the Green Berets, and was a huge proponent of aggressive, proactive “counter insurgency warfare”, which hasn’t worked yet, anywhere. He vastly overstated the Soviet nuclear threat, and criticized the Eisenhower administration for being weak. And again, he only had two years; he might have improved in the last two, or he might have done something really, really stupid. That’s why I say “50/50 odds”.
His role in Civil Rights is beside the point; NO ONE would have any “rights” at all if he had triggered a nuclear war. So I’m not impressed by him.
That’s okay. I guess we’ll have to agree to disagree on this one.
The greatest tragedy of his death was the fact that LBJ was able to assume the presidency.
Biden is definitely worse. The Obama/Trump market is definitely over and the peace dividend from leaving Afghanistan is going to the Ukraine war.
Team Shrub understood the value of having an economy during wartime. As long as the bread and circuses continue, so can the wars.
The inevitable crash was left for Obama to clean up, and he did clean up in political capital.
As the Biden stock market gyrates downwards and Biden-inflation soars, people will correctly blame Biden’s extension of COVID-1984 Biden’s Ukraine war among other build back worse gaffes of this malAdministration.
Biden promised to pay everyone off once the Bad Orange Man was gone, not p** everyone off worse.
The average cost of regular gas where I live is $5.89. Diesel is about a dollar higher.
Won’t be long until the rest of us catch up.
One of the big reasons for inflation is that truckers are having to pay a dollar for every mile they drive 😡
Whatever they do, they sure know how to make enemies. The US is just a monster hegemon. The Biden administration is really sadistic, economic warfare is just as immoral and aggressive as any other war.
Morally they really are on the same level as Hitler, a slow death by starvation is torture, children dying because of starvation is torture for the child and the parents.
What a shame for the nation they represent.
More like Caesar. The neocons are openly nostalgic for imperial Rome, a conception that’s ever been the ne plus ultra of state power and the grande game. However, for most of the the life of the West it entailed a transcendence, a piety, Xtianity, Platonism, …; the neocons offer idiot consumerism and barnyard culture. And all the nations have to do is bend the knee. Trouble is, the masses consider that a good deal.
The American elite is extremely uneducated, and life has not made them grow either. Real education includes the humanistic subjects, arts, philosophy, history, they are not educated enough to miss it.
Intellectually and morally totally bankrupt.
They were educated in the nation’s most expensive, elite, private universities.
They “attended” the nation’s most expensive, elite private universities. They were “educated”….Not At All. NOTHING in this world is stupider than a Harvard Graduate in Government Service; they make the most addled toothless denizen of a backwoods trailer park look like a genius in comparison.
What a shame for the Democrats come mid-terms and the general election in 2024. The prime example of economic war was seen during the Clinton administration. Sanctions led to the deaths of 500,000 Iraqi children. But that was OK. Madeleine said it was OK.
What a disaster the world faces with this deranged old man and the same sick people he picked for his administration. But the opposition party is just as crazy. The NATO members are just as sick, suicidal and spineless rags. There is not single head of state in the NATO that one could trust.
Damn skippy!
I agree with you Renate and beyond that, the US might trip itself into larger problems such as possible military conflicts…
An effort at some sort of detante may be required…
Great idea. Turn friendly nations into enemies. Pursuit of the dumb *ss war in Ukraine is causing enough wreckage, now, our best and brightest in D.C. want to cause more harm?
Lol @ “best and brightest”, V!
How about “bought and bastards”?
Reminds me of a nursery rhyme. “I’m going to huff and puff and blow your house down!” Europe has already found ways to bypass the sanctions. If pressed, India is more likely to harden their position than to soften it. China has dozens of options to play.
If it isn’t already obvious, Biden’s best bet is to fire Blinken and try to move on before the 2024 election.
Well said…
Better not try that. Biden could be deposed, medically deposed, then Harris would be our leerless feeder. What then?
I don’t think that team will run in ‘24; it would be political suicide for the D’s.
So is the US going to guarantee to replace Russian oil on the market with an equal alternate supply, at the same price and same delivery schedule? If not, then the rest of the world has every right, including the indisputable moral right, to tell us to go f@ck @ff and continue doing what they need to do to meet the needs of their people. And I HOPE they ALL do so.
So, all European countries that are buying Russian oil will be sanctioned, not just Inda and China? Of course not! The rules based order is ordered precisely to distinguish West from the Rest.
Of course! Let us finally ushed the long hoped for inflation! Ban Venezuelan oil, Iranian, Russian — guaranterd to have energy, fertilizers, food prices skyrocketing.
As US was running into danger of not being able to service its enormous loans — devaluing currency by red hooylt inflation is the only answer, Plenty of less and less viluable money goes to creditors
But the real secret is — taxplayers will be paying more and more, and in the end pay for the money crested from thin air. Pay for all wars Convress weaseled out from having to vote on. Or one US populace is hoodwinked enough, go openly print more miney for “Ukraine”. And with sanctions thrown around like candy — insure supply chains are as as nessed up as they can be — higher priced, oh what a joy. Tarrifs in China — what a wonderful device! Just make prices go up and up! Miney we owe worth less and less,
Destroy midfe class? Those freeloaders. Time forcsome tough love.
Right on BIANCA!
US cannot do jacksh*t…! All oil purchases will be in local currencies…!
Don’t underestimate the fascists in our Treasury Dept. Look how they did this to Iran/Venezuela. We coerce other countries to obey us by seizing assets in our banks and arresting those govt officials when they travel.
We threatened S. Korea and stopped them from paying for oil that Iran had already delivered.
This is what is so infuriating about the ‘rules based world order’. It is such B.S. We unilaterally seize property anywhere and anytime we want and then warn, ‘China is taking over the world …’
Sounds like a good way to consolidate Eurasia against Washington and firmly aligned with Russia .
There are I believe 40 countries currently sanctioned by Washington, I assume all of them will migrate to the new world order offered by Russia in their decoupling with the western hegemony.