The Irony of Sanctions: US May Ease Path for Exxon in Russia, Hits India Hard

Date:

There is a deep irony in the current application of US sanctions policy, as the administration considers easing a path for Exxon Mobil to return to Russia while hitting India hard with tariffs for its own Russian trade. This has exposed the flexible and often contradictory nature of economic statecraft.
The hardline approach is reserved for India. A total of 50% in duties will soon apply to its exports to the US, a penalty President Trump has explicitly tied to its oil imports from Russia. This is a clear use of economic power to enforce a political line.
The flexible approach is being applied to Russia. In an effort to promote peace talks in Ukraine, the US is dangling the prospect of significant economic rewards, including the potential return of one of its largest corporations to a sanctioned energy project.
This situation highlights that sanctions are not always a blanket policy but a tool that can be selectively applied. The irony lies in punishing an ally for engaging in trade that the US itself is willing to facilitate for its own corporations when it aligns with other strategic objectives.

Subscribe

Popular

More like this
Related

Legal Chess: Trump Raises Tariffs to 15% Following Supreme Court Defeat

In a rapid-fire response to judicial opposition, President Donald...

British Steel’s Turkish Railway Deal Is a Win, But Will It Be Enough?

Tens of millions of pounds worth of rail orders,...

Heavy Discount Benefits Diminish as Geopolitical Costs Outweigh Russian Crude Savings

The economic attractiveness of heavily discounted Russian crude diminished...

EU Summit Delivers ‘Buy European’ Agreement for Industrial Sovereignty

European leaders reached consensus on implementing "Buy European" policies...