US EditionTrump’s Oil Sanctions Pause Is a Gift to Russia
4 Articles
4 Articles
Moscow will receive no more than two billion dollars in extra income from the easing of sanctions against Russian oil, and the head of the United States Ministry of Finance, Scott Bessen, stated in an interview with NBC News.
US Treasury Secretary Scott Bessent said Russia was actually making less profit from the sale of its oil after the US temporarily allowed the sale of Russian oil and oil products already loaded onto ships.
Trump’s oil sanctions pause is a gift to Russia
The Trump administration’s decision this week to suspend sanctions on Russian oil at sea should be seen in uncomplicated terms for what it is: a disaster. While it has had little discernible impact on the price of oil on the international market, it will damage the efficacy of Russian sanctions — and in doing so boost the Kremlin’s own coffers. Even before the move was announced, the Financial Times estimated that the Kremlin would earn as much …
Bessent commented on possible benefits for the Russian Federation due to the easing of restrictions
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