Home News The US Treasury intends to reduce Russia’s oil revenues

The US Treasury intends to reduce Russia’s oil revenues

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Pool via CNP /MediaPunch via www/Global Look Press
Pool via CNP /MediaPunch via www/Global Look Press

The American authorities believe that Russia has increased its oil revenues around the world. One of Washington’s tasks is to reduce them. This was announced on Tuesday, June 14, by the first deputy head of the US Treasury Department, Adewale Adeyemo.

The deputy minister said that at the moment Russia is selling less oil in terms of barrels than before the start of a special military operation in Ukraine, but due to the increase in cost, Moscow can receive big profits. In this regard, the US goal is to reduce the level of Russia’s income from oil, despite the fact that countries can continue to purchase fuel.

Adeyemo also added that countries buy oil at a discount, but as a result of the fact that at the moment the cost of fuel in general has increased, they pay more for the resource than Russia earned. The Deputy Secretary of the Treasury of the United States spoke about this during a hearing in a congressional committee.

Earlier, the embargo on Russian oil, provided for by the next package of EU sanctions, had an unexpected effect for politicians.

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