Europe Plans Stronger Sanctions on Russia Amid Concerns Over Potential U.S. Policy Shift Under Trump
European diplomats are working to solidify sanctions against Russia in preparation for a possible shift in U.S. policy should former President Donald Trump win the 2024 election. EU officials are considering measures like long-term freezes on Russian central bank assets, tighter monitoring of goods destined for Russia, and expanded restrictions on Russian oil shipping. The goal is to ensure that sanctions against Moscow remain firm even if the U.S. adopts a less aggressive approach.
Key Sanctions Initiatives
To reduce reliance on U.S. enforcement, Europe is exploring several mechanisms. One proposed “catch-all” clause would allow customs officials to scrutinize shipments with unusual routes, like those passing through Russia en route to Central Asia. Another idea involves extending the current six-month renewal requirement on frozen Russian central bank assets to a 36-month interval, ensuring continuity in this major sanction. Additionally, the European Union is working on its 15th sanctions package to further restrict Russian oil revenue and monitor the re-export of restricted goods through non-EU subsidiaries.