Russia says it can proceed oil and gasoline tasks regardless of US sanctions

MOSCOW (Reuters) – Russia’s Overseas Ministry on Saturday denounced new U.S. sanctions in opposition to Moscow’s power sector as an try and hurt Russia’s economic system on the danger of destabilising world markets and stated the nation would press on with massive oil and gasoline tasks.

A ministry assertion additionally stated that Russia would reply to Washington’s “hostile” actions, introduced on Friday, whereas drawing up its international coverage technique.

The assertion stated the measures amounted to “an try and inflict a minimum of some injury to the Russian economic system, even at the price of the danger of destabilising world markets as the top approaches of President Joe Biden’s inglorious tenure in energy.”

“Regardless of the convulsions within the White Home and the machinations of the Russophobic foyer within the West, making an attempt to tug the world power sector into the ‘hybrid battle’ unleashed by the USA in opposition to Russia, our nation has been and stays a key and dependable participant within the world gas market.”

The measures constituted the broadest U.S. package deal of sanctions thus far focusing on Russia’s oil and gasoline revenues, a part of measures to offer Kyiv and the incoming administration of Donald Trump leverage to succeed in a deal to finish the battle in Ukraine.

The U.S. Treasury imposed sanctions on Gazprom (MCX:GAZP) Neft and Surgutneftegas, which probe for, produce and promote oil in addition to 183 vessels which have shipped Russian oil, lots of that are within the so-called shadow fleet of ageing tankers operated by non-Western corporations.

Ukrainian President Volodymyr Zelenskiy stated the measures would “ship a major blow” to Moscow. “The much less income Russia earns from oil … the earlier peace shall be restored,” he stated.