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Sanctions on Russian oil to destabilise global market: Kremlin
The New Indian Express Hubballi
|January 14, 2025
THE Kremlin said on Monday that the latest US sanctions on Russia's oil sector would "destabilise" the global energy market, after Washington imposed punitive measures on Russian company Gazprom Neft.
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"Such decisions cannot but lead to a certain destabilisation of the global energy market," Kremlin spokesman Dmitry Peskov told reporters.
President Joe Biden's administration announced that it's expanding sanctions against Russia's critically important energy sector, unveiling a new effort to inflict pain on Moscow for its grinding war in Ukraine as President-elect Donald Trump gets set to return to office vowing to quickly end the conflict.
This story is from the January 14, 2025 edition of The New Indian Express Hubballi.
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