Joe Biden has been blowing hot and cold. Last week in a call with Russian President Vladimir Putin, he was making a renewed case for constructive diplomatic talks. But by Friday, he had unveiled harsh new sanctions against Moscow.
The measures, among the most extreme options available to Washington, ban American financial institutions from directly purchasing Russian sovereign debt, in response to unproven allegations that Moscow sought to meddle in the 2020 US presidential election. While President Vladimir Putin’s spokesman, Dmitry Peskov, insisted on Friday that the country’s economy remains “robust” despite the move, Biden’s intentions were clear – to signal to a domestic audience that he can ‘talk tough’ on Russia.
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