Russia says it will continue with oil and gas projects despite US sanctions

Russia says it will continue with oil and gas projects despite US sanctions
Russia says it will continue with oil and gas projects despite US sanctions

The Russian Foreign Ministry on Saturday denounced new US sanctions against Moscow’s energy sector as an attempt to harm the Russian economy at the risk of destabilizing global markets and said the country would continue with its major oil and gas projects.

A ministry statement also said Russia would respond to Washington’s “hostile” actions, announced Friday, while developing its foreign policy strategy.

The statement said these measures constitute “an attempt to inflict at least some damage on the Russian economy, even at the cost of risking destabilization of global markets, as the end of President Joe Biden’s inglorious term approaches.” .

Despite the convulsions in the White House and the machinations of the Russophobic lobby in the West, which is trying to drag the global energy sector into the “hybrid war” unleashed by the United States against Russia, our country has been and remains a key and reliable player in the global fuels market.

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The measures constitute the largest set of US sanctions yet targeting Russia’s oil and gas revenues, part of moves aimed at giving kyiv and the new Donald Trump administration leverage to reach a deal. aimed at ending the war in Ukraine.

The US Treasury imposed sanctions on Gazprom Neft and Surgutneftegas, which explore, produce and sell oil, as well as 183 ships that have transported Russian oil, many of which are part of the so-called “ghost” fleet of aging tankers exploited by non-Western companies.

Ukrainian President Volodymyr Zelenskiy said the measures would deal a severe blow to Moscow. “The less revenue Russia gets from oil, the sooner peace will be restored,” he said.

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