Washington seeks to halve Russia's income from energy exports by 2030. This was stated by US Assistant Secretary of State Geoffrey Pyatt to The Financial Times.
Western oil sanctions against Russia came into force in December last year. Although Russia continues to EXPORT large volumes of oil , the International Energy Agency predicts that Russian oil and gas exports could fall by “at least 40–50%” by 2030 if sanctions are implemented.
“This [sanctions pressure] is something we will have to adhere to in the coming years. <...> We are going to do everything in our power to help make this a reality,” he said.
According to Payette, the purpose of these sanctions is to “change Russian behavior.” He assured that they would stay for a long time. For the American side, it is equally important to hinder Russia's future revenues and damage its current budget.
The assistant secretary of state added that Washington is looking for “ways to make the shadow fleet less effective,” referring to tankers carrying Russianoil . BLOOMBERG wrote about Russia's creation of a “shadow fleet” last October .
After the start of the Russian special operation in Ukraine , the West restricted the entry into its ports for ships flying the Russian flag, and also banned the maritime export of Russian-produced oil. In addition, the EU and the UK have banned insuring, financing and providing vessels for transporting Russian oil, except in cases where its price is below $60 per barrel - the “price ceiling”.
Read PIONERPRODUKT .by What will happen to gold prices in 2024 Cybertruck is about to go on sale. How will this affect Tesla's income? What tax claims are pointless to contact the Federal Tax Service - cases There are 28 million single people in Russia: what companies can offer themIn response, Russia banned the sale of oil to those individuals and organizations whose contracts included a price limit. The country has also redirected significant volumes of oil to Asian markets, particularly CHINA and India. Moscow criticizes Western sanctions and calls them illegal.
Russia proceeds from the fact that sanctions will remain in place for many years when building economic policy, said presidential press secretary Dmitry Peskov .