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Russia's Gazpromneft says it was ready for new U.S. sanctions
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Russia's Gazpromneft says it was ready for new U.S. sanctions
Jan 10, 2025 8:15 AM

MOSCOW, Jan 10 (Reuters) - Russian oil producer

Gazpromneft said on Friday it would continue to

operate and maintain business resilience despite new U.S.

sanctions which it called "unjustified, illegitimate and

contrary to the principles of free competition."

"Gazpromneft has been consistently preparing for various

negative sanctions scenarios over the past two years. In

addition, the company has already been under unilateral foreign

sanctions since 2022, so many such restrictions have already

been factored into operational processes," the company said in a

statement

The Biden administration on Friday imposed its broadest

package of sanctions yet targeting Russia's oil and gas revenues

in an attempt to give Kyiv and the incoming administration of

Donald Trump leverage to reach a deal for peace in Ukraine.

Ingossstrakh, a Russian insurance company that was also

targeted, said it was operating normally and fulfilling all its

obligations to clients.

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