Russia vows to respond to US ‘hostile actions’ after sanctions imposed against its energy sector
Russia has denounced fresh sanctions imposed by the United States against its energy sector aimed at harming the Russian economy, vowing to respond to Washington’s “hostile actions.”
Russia’s foreign ministry made the remarks in a statement on Saturday, a day after the US imposed sanctions targeting the country’s oil and gas revenues to cripple the Russian economy in response to Moscow’s war in Ukraine before the inauguration of US President-elect Donald Trump on January 20, 2025.
The move amounted to "an attempt to inflict at least some damage to the Russian economy, even at the cost of the risk of destabilizing global markets,” the ministry said, stressing that Moscow will continue its large oil and gas projects despite sweeping sanctions imposed by Washington.
The ministry added, "Despite the convulsions in the White House and the machinations of the Russophobic lobby in the West, trying to drag the world energy sector into the 'hybrid war' unleashed by the US against Russia, our country has been and remains a key and reliable player in the global market."
It also noted that Russia would respond to Washington's "hostile" actions while drawing up its foreign policy strategy.
On Friday, the US Treasury Department imposed sanctions on Gazprom Neft and Surgutnesftegas, as well as 183 vessels that have shipped Russian oil.
US officials claim the sanctions Washington has imposed on Russia have contributed to a significant weakening of the Russian economy – with current soaring inflation and interest rates and Russia’s diminishing ability to compete economically in the long term.
The outgoing Biden administration says it is trying to give Kiev the greatest leverage possible ahead of possible negotiations promised by the incoming administration to end the war this year.
The Biden administration has given Ukraine more than $65 billion in aid since the war began in late February 2022.
Ukrainian President Volodymyr Zelenskiy hailed the sanctions announced on Friday, saying they would "deliver a significant blow" to Moscow.
"The less revenue Russia earns from oil ... the sooner peace will be restored," he said.
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