The US Treasury Department believes that Russia has increased its oil revenues despite the decline in oil sales. This was announced on June 14 by the first deputy head of the department Adewale Adeyemospeaking at a hearing before the US Senate Appropriations Committee.
“We know that Russia today sells less oil in terms of barrels, but due to rising prices, it can make more profit”– he said.
The Deputy Treasury Secretary noted that the US goal is to “reduce the level of income of Russia, despite the fact that countries can continue to buy Russian oil.”
Adeyemo also did not rule out that Russian oil could continue to flow to the United States, despite the ban on its supply, introduced in March. “One of the problems with oil is that you can’t always know where it comes from,” he explained.