The British government seeks to sanction Russia’s oil and gas sector

Britain seeks to target Russia’s energy sector in the next round of sanctions, according to Reuters. A move that governments have so far resisted amid warnings of a sharp rise in energy costs.

Currently, oil and gas prices are at their highest level in several years.

Following the Russian military operation in Ukraine, Britain banned the sale of Russian bonds in the financial markets and targeted several Russian banks and companies such as RusTech and Aeroflat.

Western countries and some other countries have imposed sanctions on Russian companies, companies, individuals and institutions, but have refused to impose sanctions on Russia’s oil and gas industry for fear of rising fuel prices and energy costs.

“We were very coordinated in imposing sanctions; We showed great unity. “These (actions) have a great impact on Russia, but now we need more (actions).”

“We specifically need to enter the oil and gas sector. How to reduce our dependence on Russian gas across Europe? “How can we cut the budget for Vladimir Putin’s war machine?”

Joseph بورل“All options regarding Russian sanctions for military operations in Ukraine are still on the table,” the EU foreign policy chief said yesterday as he entered a meeting of NATO foreign ministers in Brussels.

Asked about the new sanctions, and in particular about the possibility of cutting off EU gas imports from Russia, the EU official said: “We are taking everything into account.”

He said after the meeting that EU foreign ministers had discussed further economic sanctions against Russia and the need to speed up the bloc’s energy diversification.

بورل “The European Union will not be able to cut off its energy dependence on Russia overnight,” he said, stressing that the EU would continue to impose more sanctions on Russia until it stopped its military operations.

Following the Russian military operation in Ukraine and the refusal of buyers to buy Russian oil as the world’s second largest oil exporter, and at the same time whispers of sanctions on Russian oil and gas, the price of this basic commodity increased in the last trading day of world markets. The highest price ended in several years.

Brent crude was above $ 118 and US crude was above $ 115.

The rise in oil prices last week was exacerbated by US and Western sanctions against Russia, which said Russia’s oil and gas sector would not be targeted, but has impacted Russia’s oil industry and threatened supply shortages in the coming months. has it.

Following the recent moves by the West near the Russian border, Putin ordered a special military operation in Ukraine on Thursday, March 26, and European countries, instead of de-escalating tensions during the five days, took strong action against Russia.

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