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America Inc pushes for caution as Biden weighs Putin sanction

Russia says 'destructive' sanctions would not hurt the russian president personally

Ukraine, Ukraine Crisis, Russia
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Russia held military drills and deployed forces to Belarus as officials prepare to sit for four-way talks with France, Germany and Ukraine in Paris

Reuters
US President Joe Biden has threatened to impose devastating sanctions on Russia if leader Vladimir Putin invades Ukraine, but some big companies and business groups are pushing the White House and lawmakers to be cautious.

A trade group representing Chevron, General Electric and other big US corporations that do business in Russia is asking the White House to consider allowing companies to fulfill commitments and to weigh exempting products as it crafts any sanctions. At the same time, big energy companies are pushing Congress to limit their scope and time frame.

The Biden administration and Congress need to "get the details right

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First Published: Jan 26 2022 | 11:16 PM IST

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