WSJ learned about Biden's revision of US sanctions policy

The administration of US President Joe Biden is reviewing the sanctions policy, this process should be completed by the end of summer. it is reported by The Wall Street Journal, citing sources familiar with the situation.

According to the interlocutors, the US authorities intend to move away from "large-scale pressure campaigns" on other countries, they will seek to avoid causing economic damage to themselves and act together with allies, and not unilaterally.

The details of the new approach to the sanctions strategy are still being finalized. According to US administration officials, it could lead to an easing of economic pressure on Iran.

According to the WSJ, the administration of Biden's predecessor Donald Trump used sanctions as a foreign policy tool to put pressure on the economies of Iran, North Korea and Venezuela. This helped to achieve short-term goals, but did not change the behavior of the countries that were subject to restrictions, "which raised questions about the value of sanctions as a separate tool." The Biden administration is convinced that sanctions should be part of a broader diplomatic effort that includes cooperation with allies and the use of "forms of persuasion to achieve foreign policy goals."