Search
Close this search box.

Latest US Sanctions Against Russia Aim to Destabilize International Energy Markets: Kremlin

Kremlin: The Kremlin on Monday said the latest sanctions imposed by the US on Russia will destabilize international energy markets, days after Washington announced new measures to further reduce Moscow's revenues amid the ongoing Ukraine war.

According to Anadolu Agency, on Friday, the US Treasury Department announced it had imposed sanctions targeting Russia's energy sector. This includes oil giants Gazprom Neft and Surgutneftegaz, over 180 vessels, oil traders, service providers, insurance firms, and energy officials, all aimed at hindering Moscow's war efforts in Ukraine.

The Treasury's actions also restricted the provision of US services for oil extraction and production in Russia. Kremlin spokesman Dmitry Peskov expressed concerns during a press briefing, stating that such decisions inevitably lead to the destabilization of international energy and oil markets.

Peskov elaborated that Moscow will meticulously monitor the consequences of these measures and adjust the operations of Russian companies to mitigate their impact. He emphasized that the routes for exporting Russian energy cannot be entirely obstructed by the sanctions.

He further explained that if one avenue is blocked, alternative options will emerge elsewhere, and efforts will be made to find such alternatives to minimize the sanctions' repercussions. Peskov labeled the sanctions as "illegal."

Addressing the impact on Russia's state nuclear energy corporation, Rosatom, Peskov assured that the company would continue its international activities. He also criticized the US, suggesting that it was attempting to undermine Russian companies through non-competitive means.

Peskov concluded by remarking that the outgoing Biden administration appears intent on leaving President-elect Donald Trump, who will assume office on January 20, and his administration with a challenging legacy regarding bilateral relations with Russia.

Recent Post

Advertisement