US warns of potential new oil sanctions against Russia
A senior White House official has indicated that there may be a forthcoming escalation in sanctions targeting Russia's energy sector. Read Full Article at RT.com.
TroibNews 
Moscow has cautioned that the significance of actions undertaken by Washington might be overestimated, especially in regard to potential escalations in economic sanctions. A senior U.S. official indicated on Thursday that the government may impose stricter sanctions on the Russian energy sector.
During an interview with the Carnegie Endowment, Daleep Singh, a deputy national security adviser for international economics, suggested that sanctions targeting Russia's oil trade could intensify since crude sales continue to be a substantial revenue stream for Moscow.
“I think we are getting close to the point at which we can talk about a much more strict regime,” Singh stated, noting that the proposed enhancements would affect the oil transport fleet and the volume of crude Russia is permitted to supply to the market.
Russian Deputy Foreign Minister Sergey Ryabkov responded to these developments in a statement to RIA Novosti, expressing views on the motives behind U.S. policy. He characterized the escalating sanctions on Russian oil supplies as "one of the elements of political and psychological pressure on the Russian business community." Ryabkov added, “threats and pressure are the only instruments left in the kit tool of American foreign policy.”
“I’d like to warn everyone against overestimating the significance of the steps being taken by the US. Key parts of our energy sector have been under sanctions for a very long time. These sanctions are absolutely illegitimate, they stem from the impotence of the American, as they consider themselves, rulers of the world,” Ryabkov remarked.
The backdrop of these discussions includes actions by the G7 nations, who implemented a price cap and an embargo on Russian seaborne oil in late 2022, aimed at weakening Russia's economy without removing its crude from the global markets. This policy prevents Western companies from offering insurance and other services for shipments of Russian crude not adhering to a pricing threshold, which is set decidedly below the market rate.
Alejandro Jose Martinez for TROIB News
During an interview with the Carnegie Endowment, Daleep Singh, a deputy national security adviser for international economics, suggested that sanctions targeting Russia's oil trade could intensify since crude sales continue to be a substantial revenue stream for Moscow.
“I think we are getting close to the point at which we can talk about a much more strict regime,” Singh stated, noting that the proposed enhancements would affect the oil transport fleet and the volume of crude Russia is permitted to supply to the market.
Russian Deputy Foreign Minister Sergey Ryabkov responded to these developments in a statement to RIA Novosti, expressing views on the motives behind U.S. policy. He characterized the escalating sanctions on Russian oil supplies as "one of the elements of political and psychological pressure on the Russian business community." Ryabkov added, “threats and pressure are the only instruments left in the kit tool of American foreign policy.”
“I’d like to warn everyone against overestimating the significance of the steps being taken by the US. Key parts of our energy sector have been under sanctions for a very long time. These sanctions are absolutely illegitimate, they stem from the impotence of the American, as they consider themselves, rulers of the world,” Ryabkov remarked.
The backdrop of these discussions includes actions by the G7 nations, who implemented a price cap and an embargo on Russian seaborne oil in late 2022, aimed at weakening Russia's economy without removing its crude from the global markets. This policy prevents Western companies from offering insurance and other services for shipments of Russian crude not adhering to a pricing threshold, which is set decidedly below the market rate.
Alejandro Jose Martinez for TROIB News
