November 14, 2024
Biden’s Gloves Can Finally Come Off to Help Trump End the Ukraine War
Donald Trump has pledged to swiftly seek a deal to end the Russia-Ukraine war. This is a worthy goal: The war has already killed or injured 1 million people and caused $500 billion of damage in Ukraine. It is also on a bleak trajectory, as Russia strives to exhaust Ukrainian forces in a bloody war of attrition.
The Biden administration never put forward a plausible vision for ending the war. But it can help Trump’s worthwhile peace efforts by taking long-overdue steps that would strengthen Trump’s hand at the negotiating table.
The Biden administration’s reasons to treat Russian oil with kid gloves, in other words, no longer apply.
As Ukraine’s most important weapons supplier, the United States already possesses ample leverage over Kyiv. But its key leverage over Moscow — sanctions — has eroded over the past 18 months as the Biden administration has failed to close major loopholes.
President Joe Biden’s hesitance was driven largely by political considerations. Ramping up sanctions on Russian oil was seen as too risky, as it might spike oil prices, worsen inflation and undercut Democrats’ chances in the 2024 election.
Read the full article on The Washington Post.
More from CNAS
-
Ziemba: China Could Impose Retaliatory Tariffs on U.S.
If tariffs and costs continue to rise, it will not be great for oil demand within the US, that's according to Rachel Ziemba, Adjunct Senior Fellow at the Center for a New Amer...
By Rachel Ziemba
-
Trump’s Treasury and Commerce nominations + Nippon Steel’s bid for U.S. Steel
Emily and Geoff react to the nominations of Scott Bessent for U.S. Treasury Secretary and Howard Lutnick for U.S. Commerce Secretary and overall point man for trade and tariff...
By Emily Kilcrease & Geoffrey Gertz
-
Sharper: Trump 2.0
Donald Trump's return to the White House is widely expected to reshape America's global priorities. With personnel choices and policy agendas that mark a significant break fro...
By Charles Horn & Gwendolyn Nowaczyk
-
Trump 2.0's Economic Security Agenda
Emily and Geoff switch from obsessing over the election to obsessing over the transition. They dig into what a Trump 2.0 presidency will mean for tariffs, sanctions, export co...
By Emily Kilcrease & Geoffrey Gertz