US and EU Send a Signal to Putin: Bloomberg

The Biden administration is urging its European Union allies to finalize a comprehensive package of sanctions against Russian banks and energy companies that could be implemented in coordination with the US if the Kremlin launches an attack on Ukraine. This information comes from Bloomberg, citing well-informed sources.

The US believes that an agreement on specific sanctions options would send a strong signal to the Russian president. According to people familiar with the discussions, these are the measures being considered, based on numerous conversations that have taken place between the US, the UK, Germany, France, Italy, and the EU.

However, EU countries warn that a hasty outline of such measures could undermine efforts to resolve the crisis diplomatically. Sources indicate that the US believes the sanctions package needs to be prepared to ensure that efforts to deter Russia are credible.