US Energy Secretary says sanctions against Russian oil will be resumed
Chris Wright said that the issuance of a license for operations with Russian oil and its extension were temporary measures
NEW YORK, April 19. /TASS/. The US administration plans to resume its sanctions against Russian oil after it is no longer necessary to lower energy prices amid the developments around Iran, US Secretary of Energy Chris Wright said.
He said in an interview with CNN that the issuance of a license for operations with Russian oil and its extension were temporary measures. "All that Russian oil, it goes to China anyway, or we're temporarily allowing it to flow instead of all to China, just flow into other Asian refineries. It's to lower the price of energy in Asia and in Europe," he said.
When asked if this means that the sanctions on Russian oil will be re-imposed in some time, he answered, "Absolutely."
On March 12, the US Treasury Department lifted sanctions on operations involving the sale of oil and petroleum products from Russia loaded onto vessels before that date. On March 19, the US Treasury updated the license, adding provisions banning transactions involving a number of Russian regions, including Crimea, as well as North Korea and Cuba. The license expired on April 11. At a White House briefing on April 15, US Treasury Secretary Scott Bessent said Washington does not plan to extend carveouts from its sanctions for Russian and Iranian oil on board tankers at sea. However, on Friday, the US Treasury Department authorized operations involving the sale, delivery, or offloading of crude oil and petroleum products of Russian origin loaded onto tankers before April 17, to continue until May 16.