They promise horror without end: US prepares additional sanctions against russia - media

A US official and another person with knowledge of the matter said that the administration of US President Donald Trump has prepared additional sanctions that could be imposed on key sectors of the russian economy if president vladimir putin continues to delay ending the war in Ukraine.

The sanctions would target russia's banking sector and the infrastructure used to bring oil to market.

American officials have also told their European counterparts that they support the EU using frozen russian assets to buy American weapons for Kyiv, and Washington has held preliminary internal talks about using russian assets held in the United States to support Ukraine's war effort.

This is reported by Reuters.

While it's unclear whether Washington will actually take any of these steps in the near future, it shows that the administration has a well-developed toolkit to raise rates further after Trump imposed sanctions on russian oil companies for the first time since taking office in January.

European allies, who have suffered from Trump's wavering between accommodation and anger toward putin, hope he will continue to press moscow and are also mulling major actions of their own.

One senior US official told Reuters that he would like to see European allies take the next big step against russia, which could be additional sanctions or tariffs. Another source with knowledge of the administration's internal dynamics said Trump is likely to pause for a few weeks and assess russia's reaction to the October 22 sanctions announcement against Rosneft and Lukoil.

After Trump increased pressure on putin, the US Senate wants to vote on a bill on sanctions against russia.

In addition, some US lawmakers are renewing their attempts to move a long-stalled bipartisan sanctions bill. A person with knowledge of the administration's internal dynamics said Trump is ready to support the package. However, the source warned that such support is unlikely this month.

As the Ukrainian News agency earlier reported, on October 23, the US President imposed new sanctions against leading russian oil companies Rosneft and Lukoil. The restrictions are aimed at increasing economic pressure on the kremlin over its war against Ukraine.