Trump Team Readies Oil Sanctions Plan for Russia Deal, Iran Squeeze
- Measures being considered with a view to ending Ukraine war
- Iranian, Venezuelan oil exports climbed under Biden presidency
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Advisers to President-elect Donald Trump are crafting a wide-ranging sanctions strategy to facilitate a Russia-Ukraine diplomatic accord in the coming months while at the same time squeezing Iran and Venezuela, people familiar with the matter said.
The outgoing Biden administration on Friday imposed the most disruptive sanctions on Russia’s oil trade by any Western power to date. The move created an open question about how Trump views the measures, given his commitment to quickly ending the war in Ukraine.