• 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 8 minutes The Coal Industry May Never Recover From The Pandemic
  • 11 minutes China Raids Bank and Investor Accounts
  • 1 hour Biden admits he has been tested for Cognitive Decline several times. Didn't show any proof of test results.
  • 27 mins During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?
  • 4 hours Putin Forever: Russians Given Money As Vote That Could Extend Putin's Rule Draws To A Close
  • 15 hours Apology Accepted!
  • 36 mins Tesla Model 3 police cars pay for themselves faster than expected, says police chief
  • 2 hours The Political Genius of Donald Trump
  • 17 hours U.S. natural gas at major disadvantage in Europe and China.
  • 18 hours Biden came out of his basement today (Thursday) and said , "we have 120 Million deaths from Covid 19.
  • 1 hour Why Oil could hit $100
  • 19 hours Putin Paid Militants to Kill US Troops
  • 23 hours Per most popular Indian websites it was Indian troops not Chinese troops breach of LAC that caused the clashes. If you know any Indian media that claim to the contrary please provide the link
  • 23 hours The world is headed for big problems - interview with very smart economist
  • 24 hours CoVid in Spain, 9 months before China

Russia Is Ready For U.S. Sanctions

Sanctions, Oil Deals: The Russian Perspective

Sources:

- High-level figure close to the Russian presidential administration
- Senior official in the Russian Ministry of Finance
- Moscow-based Russian economist
- UK-based geopolitical analyst for Fortune 500 companies
- Oil trader for a major European corporate entity
- Moscow-based investigative journalist
- Moscow-based energy analyst

According to a source close to the Russian Presidential Administration, Russia is pursuing an aggressive response to U.S. sanctions over Crimea, Donbas and the poisoning of the ex-GRU Colonel Sergei Skripal and his daughter in the UK. Moscow is looking to use its dominance within the energy sector to apply pressure on the U.S. oil sector.

Despite the current sanctions, Russia’s economy remains fairly stable. This stability has meant that the threat of tougher sanctions targeting Russia’s sovereign debt with maturity over two weeks and restricting dollar transactions of Russia’s largest banks did not raise significant concerns.

A senior official within the Ministry of Finance noted that “it is no surprise that the U.S. will seek tougher sanctions but we have been implementing an economic strategy that can take the strain”.

Most importantly, in anticipation of tougher sanctions by the U.S., Russia has been looking to the East. Russia’s growing isolation from the West due to the continuous sanctions has intensified…




Oilprice - The No. 1 Source for Oil & Energy News