Zelenskyy welcomes US sanctions against Russian oil industry

Ukrainian President Volodymyr Zelenskyy has welcomed the upcoming package of US sanctions targeting Russia's oil refining industry, highlighting the impact on Surgutneftegas, referred to as the "wallet" of Kremlin leader Vladimir Putin.

Source: European Pravda with reference to Zelenskyy on Telegram

Details: Zelenskyy expressed gratitude to US President Joe Biden, his administration and the American people for announcing a new sanctions package against over 400 entities connected to Russia's energy sector.

He emphasised that such measures significantly undermine the financial foundation of Russia's war machine by disrupting supply chains. The sanctions target key Russian producers, insurance companies, oil and gas service providers, 184 tankers of the shadow fleet, logistics facilities and third-country companies.

Quote: "Particularly notable is the pressure on entities like Surgutneftegas, a key financial wallet for Putin personally. Such actions send a clear message: criminals must pay for their crimes."

More details: Zelenskyy noted that the less revenue Russia earns from oil and other energy resources, the sooner peace will be restored.

"Energy resources should never be used as weapons, as Russia does. Countries that respect international law can and should ensure stable and reliable energy supplies for the entire world," he concluded.

Background: 

• On 10 January, the UK government announced sanctions against the Russian companies Gazprom Neft and PJSC Surgutneftegas.
• On 16 December, the EU adopted its 15th sanctions package against Russia, aimed at countering sanctions evasion by targeting Russia's shadow fleet and weakening its defence industrial base.

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