Progressive-Democrat President Joe Biden’s Janet Yellen-run Treasury department has—once again—extended a waiver to a rule barring import of Russian oil and gas that was instituted ‘way back in March 2022. Even at the time of the rule’s institution, Treasury created a waiver to allow financial institutions to continue processing dollar-currencied payments for Russian energy in other countries.
The waiver was supposed to expire by that June, but Yellen extended it to early December. She said, through a Treasury spokeswoman,
This license [extension] will provide for an orderly transition to help our broad coalition of partners reduce their dependence on Russian energy as we work to restrict the Kremlin’s revenue sources[.]
After that she extended the waiver again, until the middle of this month.
Now Yellen is extending the waiver yet again, to November, and this time she’s not even pretending she has a reason:
Treasury didn’t respond to a request for comment Friday [5 May 23].
Biden and his cronies in Party and his supporters on the Left all zealously decried former President Donald Trump’s playing to Russian President Vladimir Putin’s ego with all of Trump’s pretty words about Putin.
Here is Biden and his Treasury person actively propping Putin’s energy economy by not closing off payments for Russian energy. Any orderly transition has long since been effected, or should have been; there no longer is any reason for extending the thing beyond Biden’s concrete softness on Russia.