On Friday’s episode of MSNBC’s “Katie Toole Report,” Deputy Treasury Secretary Wally Adeyemo said that even under the Biden administration’s latest sanctions, “Russia still has the ability to sell oil” and will ban exports of Russian oil. He said he had not. Avoid increased energy costs.
“Russia will still have the ability to sell oil,” Adeyemo said while discussing sanctions on Russian shipping. If you do that in the future, your profits will only decrease. ”
Host Katie Toole asked, “What would happen if we banned Russian oil?” We understand that there is currently a price cap. Has the government ever considered banning Russian oil completely?”
Adeyemo said: “So the reason we put a price cap on Russian oil is because we wanted to make sure that we did two things: One, we reduced Russia’s income, but the rest of the world “The goal is to prevent energy costs from rising.” And we have succeeded in realizing it until today.Energy revenues of the Russian federal government [are] We’ve seen energy prices fall in other parts of the world as well, with a 40% drop in 2023. Our goal is to make it even tougher for Russia, which is why we are taking action to go after Russia’s largest shipping companies. ”
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