Trump is planning to meet Putin while Biden imposes new sanctions on Russia

The Biden administration decided to impose massive sanctions on Russia, aimed at targeting Moscow’s energy sector and assisting Ukraine in maintaining its independence in the conflict with Russia. The US sanctions include a number of companies and entities that were allegedly helping Russia export energy, especially gas, including two companies from India. Responding to a question on the sanctions, President Biden said the sanctions were imposed today because they will have a profound impact on the growth of the Russian economy and make it more difficult for Putin to conduct his wars.

Biden attacks Putin

Biden said it is possible that gas prices could rise by US$0.03 to US$0.04 per gallon, but that would have a more profound impact on Russia’s ability to function in conducting the war. I think it’s really important that he doesn’t have any breathing room to continue the god-awful things he continues to do.

Rosatom reacts to sanctions

Russia’s state nuclear energy corporation Rosatom has swiftly responded by calling the sanctions unlawful. Rosatom said in a statement that the sanctions targeting Rosatom’s management are unfounded and unlawful. Rosatom is a global leader in the export of nuclear energy technologies, so the sanctions are seen as unfair competition from unfriendly states.