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Russia says new US energy sanctions will destabilise global markets
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Russia says new US energy sanctions will destabilise global markets
Jan 13, 2025 2:09 AM

MOSCOW, Jan 13 (Reuters) - The Kremlin said on Monday

that the latest round of U.S. sanctions on the Russian energy

sector risked destabilising global markets, and Moscow would do

everything possible to minimise their impact.

"It is clear that the United States will continue to try to

undermine the positions of our companies in non-competitive

ways, but we expect that we will be able to counteract this,"

Kremlin spokesman Dmitry Peskov said.

"At the same time, of course, such decisions cannot but

lead to a certain destabilisation of international energy

markets, oil markets. We will very carefully monitor the

consequences and configure the work of our companies in order to

minimise the consequences of these ... illegal decisions."

The U.S. Treasury imposed wider sanctions on Russian oil on

Friday, targeting producers Gazprom Neft and

Surgutneftegaz, as well as 183 vessels that have shipped Russian

oil.

The move was meant to cut Russia's revenues for financing

the war with Ukraine. A U.S. official said the sanctions could

cost Russia billions of dollars per month if sufficiently

enforced.

The sanctions have prompted Chinese and Indian refiners,

which have bought heavily from Russia, to seek alternative

supplies of crude oil. Many of the tankers hit by the latest

measures have been used to ship oil to those two countries.

Peskov said modern experience had shown it was

impossible to cut natural supply routes for energy.

"You block something in one place, and an alternative

option appears somewhere else. Therefore, a search will be

conducted for work options that will minimise the consequences

of sanctions," he said.

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