Home ยป Putin's Key Financial Wallet: US Imposes Sanctions on Russian Oil Companies

Putin's Key Financial Wallet: US Imposes Sanctions on Russian Oil Companies

by alex

Ukrainian President Volodymyr Zelensky thanked US President Joe Biden and the White House administration for the announced new sanctions package against more than 400 entities that are associated with the Russian energy sector.

Zelensky on US sanctions against Russia

—These actions significantly undermine the financial foundation of the Russian military machine, because they disrupt the supply chain: key Russian manufacturers, insurance companies, oil and gas service providers, 184 tankers of the shadow fleet, logistics facilities and third-country companies, — Zelensky said.

He particularly noted the pressure on the Surgutneftegaz company, which has become a key financial wallet for Russian dictator Vladimir Putin.

In his opinion, such actions send a clear signal: criminals must pay for everything they have done.

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Zelensky explained that the less income Russia receives from oil and other energy resources, the faster it will be possible to restore peace.

US sanctions against Russia's largest oil companies

The US recently imposed sanctions on more than 30 Russian oilfield services companies companies.

According to the US government and the US Treasury Department, the sanctions also apply to a Serbian company that is associated with Russia's Gazprom Neft.

Other companies that have fallen under US sanctions include RN-Burenie (a Rosneft structure), OFS Technologies, RN-GRP, RN-Service, RN-Vankor, Achimgaz, Gazprom Shelfproekt, Atlas NNB, and FrakJet-Volga.

The restrictions also apply to Investgeoservice, Naftogaz-Burenie, Petro Welt Technologies, TNG-Group, UDS Nafta, and the Serbian NIS.

As explained by the US Treasury Department, all property and interests in the property of sanctioned persons in the possession or control of the US are now blocked.

Head of the Presidential Office Andrei Yermak clarified that the US announced a large-scale package of sanctions against 184 tankers of the shadow fleet and 14 members of the board of directors of Rosatom.

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