WASHINGTON, Oct 21 (Reuters) - Dozens of U.S.
Representatives from both political parties urged the Biden
administration to toughen sanctions on Russian oil shipments and
questioned an exception issued to the world's largest oilfield
company SLB to operate in the country.
Since Russia's 2022 invasion of Ukraine, the U.S. and
European countries have sought to cut Moscow's energy revenue
for fighting the war through sanctions. That prompted several
oilfield service companies to leave Russia but SLB has remained
operating in the country, helping keep Russian oil production
flowing.
The 52 lawmakers, including Democratic Representatives Jake
Auchincloss and Lloyd Doggett and Republican Representative
Brian Fitzpatrick, said that since the invasion in February
2022, SLB has signed new contracts, recruited hundreds of staff,
and imported nearly $18 million in equipment into Russia.
"This U.S.-based company is keeping (Russian President)
Vladimir Putin's war machine well-oiled with financing for the
barbaric invasion of Ukraine. We urge you to continue supporting
our Ukrainian allies by pursuing more rigorous oil sanctions to
effectively restrict Putin's profits," the lawmakers said in a
letter to Treasury Secretary Janet Yellen and Secretary of State
Antony Blinken.
The departments of Treasury and State did not immediately
respond to requests for comment. SLB did not immediately respond
to a request for comment.
The lawmakers said President Joe Biden's administration has
pointed to a Treasury Department general license that authorizes
U.S. persons to process energy-related transactions that
involves certain sanctioned Russian financial institutions.
"We are cognizant of the arguments often cited that
Russian oil provides a critical and irreplaceable segment of the
global oil supply," the lawmakers said. "However, allowing
Russia to benefit from Western technology and expertise only
increases the resiliency of their oil and gas sector against
Western sanctions and prolongs its ability to finance its
illegal offensive."
In May, Assistant Secretary of State Geoffrey Pyatt told
Reuters that SLB had not violated sanctions against Russia.
SLB last year received 5% of its revenue from Russia. It had
10,000 employees in Russia helping energy firms pump oil and gas
when the war began in 2022.