After US Relaxes Oil Sanctions, Britain Urges Allies to Continue Pressure on Russia

robot
Abstract generation in progress

A Downing Street spokesperson said on Friday that the UK and its partners should continue to apply collective pressure on Russia through sanctions. Previously, European countries jointly criticized the US for easing sanctions on Russian oil.

“This is a decision made by the United States, but we have a clear position,” said a spokesperson for Gil Stamer. “All partners must continue to pressure Russia and its war funding.”

The US has granted a 30-day exemption to countries wishing to purchase sanctioned Russian oil and oil products currently stranded at sea, to help stabilize the global energy markets, which have been volatile due to the war with Iran.

This move has been criticized by European allies, who believe it could complicate Western efforts to cut off Russia’s revenue from its war in Ukraine.

The spokesperson stated that since the outbreak of the Ukraine war, Western sanctions have caused Russia to lose at least $450 billion, adding that “our sanctions are working.”

He said the best way to achieve “fair and lasting peace” in Ukraine is through collective pressure.

The spokesperson added, “We remain committed to exerting maximum economic pressure on Russia to seek a fair and lasting peace in Ukraine.”

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments