The United States is effectively financing President Vladimir Putin’s aggressive actions in Ukraine due to the Biden administration’s “stupid energy policies,” according to Larry Kudlow, one of former President Donald Trump’s top economic advisers. Russia has been hit with a string of sanctions from the West in recent days following its invasion of Ukraine, with officials targeting the country’s finances, sovereign debt, and those in Putin’s inner circle. Meanwhile, leaders from Europe, the UK, and the United States issued a joint statement on Feb. 26, unveiling further sanctions against the Kremlin which include removing “selected” Russian banks from the international payment service SWIFT. Yet the United States has so far stopped short of directly sanctioning Russia’s energy sector for fear that it could further drive up global energy prices, which have already skyrocketed in recent months, and result in an energy crisis. Opponents of such sanctions are concerned that the United States, as well as much of …
Biden Administration’s Energy Policies Financing Putin’s Actions in Ukraine: Larry Kudlow
March 1, 2022
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Business & Economyeconomic policieseconomyEnergy PoliciesEuropeExecutive BranchLarry KudlowPolicies & ImpactsPoliticsRepublicansRussia-Ukraine WarUSUS NewsWorld
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