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


MOSCOW (Reuters) – Russia’s Foreign Ministry on Saturday criticized new US sanctions against Moscow’s energy sector as an attempt to damage Russia’s economy and risk disrupting global markets. and said that the country will continue with large oil and gas projects.

The ministry’s statement also said that Russia will respond to Washington’s “hostile” actions, announced on Friday, as it formulates its foreign policy strategy.

The statement said that the measures are similar to “an attempt to cause some damage to the Russian economy, even if there is a risk of damaging the world markets as the period of the bad term of President Joe Biden approaches” .

“Despite the confusion of the White House and the tactics of the Russophobic West, trying to drag the world’s power sector into the “hybrid war” proposed by the United States against Russia, our country has been the key and reliable. player in the global fuel market.”

The measures were part of a broader package of U.S. sanctions that have so far targeted Russian oil and gas tariffs, part of a move to give Kyiv and the incoming administration of Donald Trump the power to reach an agreement to end the war. Ukraine.

© Reuters. FILE PHOTO: Steam rises from the chimneys of the Gazprom Neft oil refinery in Omsk, Russia November 18, 2022. REUTERS/Alexey Malgavko/File Photo

The US Treasury Department imposed sanctions on Gazprom (MCX:) Neft and Surgutneftegas, which explores, produces and sells oil, as well as 183 vessels that shipped Russian oil, most of which are in a so-called shadow of old ships operated by non-Western companies.

Ukrainian President Volodymyr Zelenskiy said the measures would “cause a big crisis” for Moscow. “The less income Russia gets from oil… peace will be restored soon,” he said.





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