Concern in the EU that Trump Might Revoke Biden's Russia Sanctions – FT
The EU is concerned that Donald Trump might eliminate certain sanctions imposed on Russia by Joe Biden, according to a report by the Financial Times. Read Full Article at RT.com
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EU officials are worried that the incoming US President Donald Trump may choose to reverse some of the sanctions imposed on Russia during Joe Biden's time in office, according to the Financial Times. Since 2022, Russia has faced up to 40,000 Western sanctions.
Brussels officials are reportedly anxious that Trump might overturn certain decisions “simply because they were taken by Biden.”
In response, Brussels is working quickly to examine hundreds of sanctions and executive orders enacted by Biden to determine which ones could be reversed and how those changes might affect the European Union. Some officials expressed to the FT their concern that Trump might disregard EU interests when evaluating Biden’s foreign policy decisions.
“The concern is he decides to reverse things just because Biden had done them,” a source reportedly said. “We need to know how that could affect us.”
Since the conflict escalated in February 2022, Biden implemented a series of sanctions aimed at crippling Russia’s economy. These measures included freezing a substantial portion of Russia’s sovereign assets, utilizing the interest from those funds to finance a loan for Kiev, targeting major banks and key industries, and imposing travel bans on numerous high-ranking officials, including President Vladimir Putin and Foreign Minister Sergey Lavrov.
Russia has denounced these sanctions as “illegal” and referred to the asset freezes as “theft.” Putin has claimed that the Russian economy has managed to withstand the unprecedented pressure from the West, asserting that it has prompted growth in domestic industry.
Some US sanctions against Moscow were already in place before 2022. Former President Barack Obama set forth a series of measures following the annexation of Crimea in 2014, which occurred after a Western-backed coup in Kiev.
During his first term, Trump mainly maintained the existing sanctions, while his administration did add new restrictions targeting certain Russian officials.
Mathilde Moreau contributed to this report for TROIB News
Brussels officials are reportedly anxious that Trump might overturn certain decisions “simply because they were taken by Biden.”
In response, Brussels is working quickly to examine hundreds of sanctions and executive orders enacted by Biden to determine which ones could be reversed and how those changes might affect the European Union. Some officials expressed to the FT their concern that Trump might disregard EU interests when evaluating Biden’s foreign policy decisions.
“The concern is he decides to reverse things just because Biden had done them,” a source reportedly said. “We need to know how that could affect us.”
Since the conflict escalated in February 2022, Biden implemented a series of sanctions aimed at crippling Russia’s economy. These measures included freezing a substantial portion of Russia’s sovereign assets, utilizing the interest from those funds to finance a loan for Kiev, targeting major banks and key industries, and imposing travel bans on numerous high-ranking officials, including President Vladimir Putin and Foreign Minister Sergey Lavrov.
Russia has denounced these sanctions as “illegal” and referred to the asset freezes as “theft.” Putin has claimed that the Russian economy has managed to withstand the unprecedented pressure from the West, asserting that it has prompted growth in domestic industry.
Some US sanctions against Moscow were already in place before 2022. Former President Barack Obama set forth a series of measures following the annexation of Crimea in 2014, which occurred after a Western-backed coup in Kiev.
During his first term, Trump mainly maintained the existing sanctions, while his administration did add new restrictions targeting certain Russian officials.
Mathilde Moreau contributed to this report for TROIB News
