According to experts who examined the global effects of sanctions recently imposed on the country’s fossil fuels, new sanctions on Russia’s energy sector may partially raise petrol prices and change fuel export patterns. According to four people with knowledge of the situation, President Joe Biden is apparently considering putting fresh sanctions on Russian energy before he leaves office. According to sources, this action might grant President-elect Donald Trump more leverage in possible discussions with Russian President Vladimir Putin. If Biden decides to pursue the sanctions, examination of U.S. sanctions against Russia at the start of the conflict with Ukraine suggests that higher gas prices can be expected to rise worldwide. In 2022, hostilities in Russia caused the price of natural oil to rise, but it hit a record high in the United States after the nation invaded and sparked a years-long conflict with its surrounding Ukraine. Putin claims that Russia is ready to support Trump’s plan to end the UKSR’s nuclear war According to an analysis from the Federal Reserve Economic Data ( FRED),” just weren’t enough factories to meet diesel demand, particularly after the U.S. and other nations stopped purchasing energy exports from Russia,” a country’s invasion of Ukraine led to a rise in fuel prices worldwide. The Producer Price Index ( PIP ) for diesel in June 2022 was roughly 109 % higher than in June 2021, according to FRED. But, Bureau of Labor Statistics data indicates that costs have significantly decreased since then. According to the American Enterprise Institute ( AEI), sanctions can have a variety of effects, including” significant shifts in oil export patterns, rerouting trade flows in an economically inefficient manner, and forcing sanctioned countries like Iran, Russia, and Venezuela to sell crude at below-market prices.” However, one proponent of the idea suggested that Biden’s victory could be a catalyst for the penalty’s passage. The Biden administration has been concerned about rising fuel costs and worsening inflation. That was the primary constraint on their Russia sanctions plan, the local consequences”, said Edward Fishman, older research professor at Columbia University’s Center on Global Energy Policy, the Washington Post reported. ” But the election is over, and prices is under control. The justifications for being so careful with sanctions don’t use anymore. Breanne Deppisch of Fox News contributed to this statement.