US President Joe Biden is preparing to introduce new sanctions against Russia this week, targeting its economy to strengthen Ukraine’s position in its war with Moscow. A US official said the Biden administration is also finalizing $500 million in military aid to Ukraine, which is expected to include air defense missiles, air-to-ground weapons, and support equipment for F-16 fighter jets.
As President-elect Donald Trump takes office on Jan. 20, Kyiv is still nervous about the potential costs of any military solution. Trump’s advisers have proposed solutions that could include leaving key areas of Ukraine to Russia.
The Biden administration aims to strengthen Ukraine’s position on the battlefield to ensure it participates in any future negotiations with Russia.
The details of the sanctions are still unclear, but US officials are informing Trump’s incoming team of the measures.
Earlier this week, Reuters reported plans for further sanctions against Russia’s oil revenues, which fund its war effort. This could include sanctions on two Russian oil companies, more than 100 tankers, oil traders, and Russian insurance companies.
Military support and challenges
The US official noted that many of the promised weapons and ammunition have been delivered to Ukraine, strengthening its arsenal. However, military assistance, including Abrams tanks, F-16 fighter jets, and ATACMS missile systems, did not lead to significant improvements on the Ukrainian battlefield.
The government of Ukrainian President Volodymyr Zelenskyy continues to insist on increased security guarantees, including possible NATO membership, to prevent future Russian aggression after any peace deal.
The United States is also expected to impose sanctions on more Chinese companies to help Russia. US military officials are learning about North Korea’s involvement in the conflict in Ukraine, where thousands of North Korean workers are believed to be helping Russia.
Treasury Secretary Janet Yellen recently emphasized ongoing US efforts to reduce Russia’s oil revenues and limit its access to foreign resources that are fueling the conflict.
(With input from Reuters)
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