Trump administration toughens sanctions on Russian oil, gas and banking sectors
By: Jennifer Jacobs (CBSPolitics)
Cue whines that Trump will be forcing consumers to pay more at the pump.
S E E D E D C O N T E N T
March 13, 2025 - Washington — The Trump administration is placing more restrictions on Russia's oil, gas and banking sectors by further restricting Russian access to U.S. payment systems, according to four people familiar with the plans.
The Treasury Department on Wednesday let lapse a 60-day exemption put in place by the Biden administration in January that allowed specific energy transactions involving sanctioned Russian banks to continue. By letting the waiver lapse, the banks may no longer access U.S. payment systems to conduct major energy transactions.
The Russian financial institutions that had been exempt from sanctions included Vnesheconombank, Bank Financial Corporation Otkritie, Sovcombank, Sberbank, VTB Bank, Alfa-Bank, Rosbank, Bank Zenit, Bank Saint-Petersburg and the Central Bank of Russia.
The decision to further restrict access to American banking systems makes it harder for other countries to buy Russian oil, thus limiting its global supply. It could lead to a price spike of up to $5 per barrel more, a notable jump after lower prices in recent weeks.
But the stiffer restrictions also come as the Trump administration is trying to convince Russia to accept terms of a proposed 30-day ceasefire to end the war in Ukraine. President Trump on Thursday said U.S. officials are meeting with "President Putin and others" and having "very serious discussions."
Tags
Who is online
29 visitors
Un-stooge like behavior from Trump? No, it couldn't be.
(A little bit of research reveals that Zelensky doesn't object to lifting sanctions as part of a peace negotiations. Ukraine is still hoping for cheap Russian gas.)
Slowly shutting Russia out. Just like he did his last term preventing Russia from invading any other countries.
Woah now, que the Trump parade launching fireworks and t-shirt cannons celebrating Trumps big push back against Russia which was.... letting a brief 60-day exemption to Biden placed Russian sanctions from back in February 2022 expire.
So, Trump fans are saying "Ah ha! See! He's not a Russian stooge! He didn't reinstate a 60-day exemption on those banks with Russian ties!" and I guess are expecting everyone to what, golf clap? Hurray for Donald! For doing the absolute least imaginable which was no different than just sitting on your hands and doing nothing, and yet your sycophants celebrate and cheer your momentous accomplishment of not reinstating a short 2-month exemption. /golfclap...
At least he is on the correct path again. It is Putin whose position should be weakened, not Ukraine's. So here it is Trump: strengthen Ukraine's bargaining position while weakening that of Putin's. That is how you set the stage to negotiate peace.
We did have that 4 year period where Biden relaxed everything that allowed Russia to attack Ukraine. That's going to take some time to fix.
The current administration is on the right course.
What is the point of stating such obvious bullshit?
It is stumbling and bumbling. Trump apparently has no clue how to secure a peace other than to force Ukraine to capitulate — which he tried to do. To be successful, Trump has to bring the USA back into the game along with the EU with substantial support for Ukraine in order to give Putin a reason to come to the negotiation table.
? The sanctions that are being discussed in this article are the sanctions Biden put in place in 2022. How is Trump a fucking hero for not renewing a temporary exemption to Bidens sanctions but Biden is supposedly "relaxing everything" even when he was the one to put the sanctions on in the first place?
no, there was always an exception for Europe, which is why Europe sent more money to Russia since the invasion than they have aid to Ukraine. In 2025, after losing the election, Biden gave 60 days notice that the exemption was being taken away unless Trump acted to extend it. He has not.
Yet you don't prove me wrong.
Exactly, my point. That is what we've seen for the 4 years under Biden. LITERALLY.
And we see what a failure those were.
By letting the waiver lapse, the banks may no longer access U.S. payment systems to conduct major energy transactions.
The brain dead left will fight to ignore this and continue their claim that Trump is Putin's puppet. Their imperviousness to facts is truly extraordinary. ,