The US Treasury threatens new steps to limit Russian oil exports

The US Treasury threatens new steps to limit Russian oil exports

US Deputy Treasury Secretary Wally Adeyemo announced that Washington will take steps to "impose additional costs" on Russia to prevent it from exporting oil.
Adeyemo said during a press conference on Thursday: “Now we are focusing attention on ensuring adherence to the price ceiling in its current form, as well as taking additional steps for the purpose of increasing costs for Russia, so that it obtains less revenues to finance the war.”

The official added, "Our goal is to shift attention from their revenues, which were at a ceiling of $60 per barrel, to focus on their costs," adding that Washington wants Russia to have as little revenue as possible.

Adeyemo pointed out that Russia, in response to Western restrictions, established its own systems to secure ships for transporting petroleum derivatives by sea and increased the number of tankers to export fuel.

It is noteworthy that the G7 countries, the European Union and Australia imposed a ceiling on Russian oil prices at the level of $60 per barrel in December 2022, and in February 2023 on oil derivatives at a level between $45 and $100.

Russia refused to adhere to the price ceiling imposed on it.




The New York Times office was stormed during a massive march in New York to demand an end to the war in Gaza


The demonstrators roamed the streets of Manhattan, chanting “Free Palestine,” and carrying slogans that read, “Stop the genocide of Palestine,” “Release the Palestinians,” and “Gaza will be free.”

Demonstrators against the war waged by Israel in the Gaza Strip entered the building where the editorial office of the New York Times newspaper is located.

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