In the fall of 2022, two top Biden administration officials met in New York with a key European diplomat.
Over dinner outdoors, they strategized about how best to throttle Russia’s oil revenues in retaliation for its invasion of Ukraine.
Europe, Mr. Seibert said, had big problems with President Biden’s sweeping new climate law.
They were worried the president was trying to ensure the future of U.S. manufacturing at the expense of some of America’s closest allies.
The exchange set off months of behind-the-scenes talks, a major regulatory concession from the Treasury Department and high-level negotiations between Mr. Biden and fellow world leaders, all meant to soothe those concerns.
Persons:
Bjoern Seibert, Mike Pyle, Wally Adeyemo, Seibert, Biden’s, Mr, Biden
Organizations:
Biden, National Security Council, European Commission, European Union, Treasury Department, Mr
Locations:
New York, European, Ukraine, United States, America