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Kremlin says new U.S. sanctions on Russian energy will destabilise global markets

ReutersJan 13, 2025 9:30 AM

- The Kremlin said on Monday that the latest round of U.S. sanctions on the Russian energy sector risked destabilising global oil and energy markets, and Moscow would do everything possible to minimise their impact.

Kremlin spokesman Dmitry Peskov said it was clear that Washington was trying to undermine Russian companies. He said Moscow would monitor the situation and help companies adapt.

The U.S. Treasury imposed wider sanctions on Russian oil on Friday, targeting producers Gazprom Neft SIBN.MM 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.

(Reporting by Dmitry Antonov, Writing by Lucy Papachristou; Editing by Mark Trevelyan)

((Lucy.Papachristou@thomsonreuters.com;))

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