US sanctions threaten global oil stability: Kremlin

Oil drilling rigs

The Kremlin warned today, Jan. 13,  that new US sanctions on Russia’s energy sector could destabilize global oil and energy markets, vowing to take all necessary measures to limit their impact.

Washington is clearly trying to undermine Russian companies but emphasized that Moscow will monitor the situation and adjust corporate activities to reduce risks, Reuters reported, citing Kremlin spokesperson Dmitry Peskov.

The expanded sanctions target Gazprom Neft, Surgutneftegaz, and 183 vessels transporting Russian crude, aiming to cut revenues used to fund the war in Ukraine.

Meanwhile, the Kremlin said no concrete preparations are underway for a meeting between President Vladimir Putin and US President-elect Donald Trump.

However, the Kremlin acknowledged mutual understanding and political will to hold talks.