The White House is resisting all this for the same reason it resisted the Russian oil embargo. Truly punishing sanctions against Russia’s energy sector are still anathema to Old Europe allies who want to continue importing Russian oil. The administration also fears that seriously targeting Russian energy would further drive up gasoline prices, hurting Mr. Biden domestically. Senate Foreign Relation Chairman Bob Menendez was, before the invasion, working with Mr. Risch on a bipartisan bill. At the behest of the White House, he went AWOL, and Democrats last week blocked a vote on the Risch legislation.
Republicans note that for all the talk of multilateralism, the U.S. is woefully trailing Europe in other areas. Since February the European Union has imposed sanctions on at least 12 oligarchs among the Navalny 35, a list of key Putin abetters compiled by dissident Alexei Navalny’s organization. The U.K. has targeted nine of them since February; the U.S., zero. Yes, Washington has targeted a handful of Putin cronies, but it’s only a sliver of the hundreds of oligarchs who hold Russia’s wealth. It did, however, announce a “task force” to investigate oligarch behavior. Twenty-two years into the Putin regime, the U.S. government doesn’t have that information?
The Biden team will argue that sanctions work best in conjunction with allies. No doubt. But the way to get the world to join in truly punishing and isolating Mr. Putin is to lead by example and to invite or shame allies into joining the fight. It’s not the current approach, which is to yammer in the halls of Foggy Bottom and settle for the path of least resistance. Mr. Biden can talk all he wants about his plans to cripple Mr. Putin’s economy. He has yet to take the steps that might actually do it.