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U.S. Pushes EU to Prepare Russia Sanctions

US
  • The Biden administration is pushing European Union allies to finalize a broad package of sanctions against Russian banks and energy companies that could be imposed jointly with the U.S. if the Kremlin attacked Ukraine, according to people familiar with the discussions. (BBG)
  • Adding to the urgency is the fact that Vladimir Putin has shown no sign of pulling back the thousands of troops he’s amassed near his neighbor’s borders.
    • The U.S. believes agreeing on specific sanctions options would send a firm signal to the Russian president.
    • The EU countries say that moving too hastily to outline the measures could undermine efforts to resolve the crisis through diplomacy.
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