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The Russian Foreign Ministry on Saturday condemned the new US sanctions against Moscow’s energy sector as an attempt to inflict damage Russian economy at the risk of destabilizing global markets and said the country would continue with major oil and gas projects.
The ministry’s statement also said Russia would respond to Washington’s “hostile” actions, announced on Friday, during the drafting of its foreign policy strategy.
The statement said the measures represent “an attempt to inflict at least some damage on the Russian economy, even at the cost of risking destabilization of world markets as the end of President Joe Biden’s infamous term in office approaches.”
Steam rises from the chimney of the Gazprom Neft oil refinery in Omsk, Russia. (Reuters/Aleksej Malgavko)
“Despite the cramps in the White House and the intrigues of the Russophobic lobby in the West, which is trying to drag the world energy sector into the ‘hybrid war’ launched by the United States against Russia, our country was and remains a key and reliable player on the global fuel market.”
The measures made up the broadest U.S. sanctions package to date targeting Russia’s oil and gas revenues, part of measures aimed at curbing Kiev and the new administration. Donald Trump leverage to reach an agreement to end the war in Ukraine.
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The US Treasury Department has imposed sanctions on Gazprom Neft and Surgutneftegas, which explore, produce and sell oil, as well as 183 ships carrying Russian oil, many of which are in the so-called shadow fleet of aging tankers operated by non-Western companies.
Ukrainian President Volodymyr Zelenskiy said the measures would “deal a significant blow” to Moscow. “The less revenue Russia earns from oil … the sooner peace will be established,” he said.
