New: Senior admin officials say the US has finalized sanctions options in the event that Russia invades Ukraine. The Biden administration has sanctions targets and implementation measures “ready to go to be issued when those tanks cross the border,” one official said.
“The final package will depend upon exactly what scenario we are facing," he added. "But we are no longer at the point where we have just a memo that lays out options. We have concrete actions that we are ready to hit the return key on.”
The US is also aware of the risk that Putin tries to retaliate against any economic sanctions by weaponizing the export of Russian gas to Europe, and officials said contingencies are being planned if that happens.
Sources familiar with those contingencies said they include fuel switching & and increased LNG exports from Norway, the Netherlands, Qatar, & UAE. European authorities are also looking at how much of a buffer their storages would provide in the event Russia shut off exports.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
