Russian oil producer Gazpromneft stated on Friday it might proceed to function and keep the resilience of its operations regardless of new US sanctions, which it known as “unjustified, unlawful and opposite to the ideas of free competitors”.
“Gazpromneft has been constantly getting ready for varied unfavourable sanctions situations over the previous two years. As well as, the corporate is already below unilateral overseas sanctions from 2022, so many such restrictions have already been taken into consideration in enterprise processes,” the corporate stated in a press release.
In a transfer coordinated with the US, Britain on Friday imposed new sanctions on Russian oil majors Gazprom Neft and Surgutneftegaz.
“Oil income is the lifeblood of (Russian President Vladimir) Putin's battle financial system,” Secretary of State David Lammy stated in a press release.
“Tackling Russian oil firms will drain Russia's battle coffers,” he provides.
Britain and its Western allies have additionally focused the so-called shadow service provider fleet in response to Russia's invasion of Ukraine, saying these ships commerce in unlawful Russian oil that helps finance Putin's battle effort.
UK sanctions limit or prohibit the motion of ships and entry to sure UK ports.
Learn additionally: US Sanctions in opposition to Russia – Two firms based mostly in Cyprus are on the record
Supply: KYPE