Kremlin says new U.S. sanctions are an attempt to hinder Russian gas exports
The Kremlin on Friday condemned new sanctions imposed by the United States on Russia’s Gazprombank, calling them an attempt by Washington to undermine the export of Russian gas. Kremlin spokesperson Dmitry Peskov stated that the sanctions, which target the bank’s involvement in energy transactions with U.S. financial systems, would not stop Russia from finding an alternative solution.
On Thursday, the U.S. imposed sweeping sanctions on Gazprombank, one of Russia’s largest financial institutions. The measures prevent the bank from handling any new energy-related transactions involving the U.S. financial system, block its trade with Americans, and freeze its U.S.-based assets. Gazprombank, partially owned by the Kremlin-controlled energy giant Gazprom, plays a crucial role in facilitating payments for natural gas sales, particularly to European customers.
The move follows increased pressure from Ukraine, which has long pushed for more stringent sanctions on Gazprombank due to its central role in handling payments for Russian gas exports. The sanctions are seen as part of ongoing Western efforts to restrict Russia’s energy revenue amid the ongoing conflict in Ukraine.
When asked whether the sanctions were aimed at halting European countries from purchasing Russian gas, Peskov responded affirmatively, stating, “The answer to both parts of your question is yes.” He emphasized that Russia would continue to defend its right to supply energy to European markets.
While Peskov declined to provide specific details on how payments for Russian gas would be managed going forward, he reassured that “options will be found” to address the situation. He also asserted that “complete blocking measures against a country like Russia are impossible,” expressing confidence that, despite the challenges posed by the sanctions, Russia would eventually find a solution to maintain its energy trade.
The U.S. sanctions mark the latest in a series of financial and economic measures aimed at exerting pressure on Russia in response to its actions in Ukraine. As the situation evolves, both Moscow and Washington are expected to continue navigating the complexities of international energy markets and financial systems.
