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Zelenskyy, Merz speak out against US easing Russia oil sanctions
European leaders and Zelenskyy warn the U.S. waiver could boost Russia’s war funds by $10 billion, undermining sanctions aimed at pressuring Moscow’s invasion.
- On Thursday, the United States issued a 30-day waiver permitting purchases of sanctioned Russian oil stranded at sea, marking a partial rollback amid energy market strain.
- Earlier this week, the International Energy Agency's 32 member countries agreed to release 400 million barrels from emergency reserves as the Strait of Hormuz closure disrupted one-fifth of global oil flows.
- Vortexa's data show 7.3 million barrels in floating storage and 148.6 million barrels in transit, while Kirill Dmitriev said the waiver affects 100 million barrels and Kremlin spokesman Dmitry Peskov called it market stabilising.
- European leaders criticised the US easing sanctions, with Zelenskyy warning it 'would strengthen Russia's position' and could provide 'around 10bn' for the war in Paris.
- The developments highlight a clash between market stabilisation and sanctions policy, with Fatih Birol calling coordinated releases 'a major action' on Wednesday, while Zelenskyy warned easing sanctions would 'strengthen Russia's position'.
28 Articles
28 Articles
The fact that the U.S. has relaxed sanctions against Russia is causing trouble to the Ukrainian President, because every barrel of oil fills Moscow's war chest. Selensky is now appealing to the EU. By Niels Bula.
Ukraine Warns US Easing Of Russian Oil Sanctions Will Boost Moscow's War Chest
Kyiv has warned that a move by the United States to temporarily lift sanctions on Russian oil to stabilize the global energy markets amid its military campaign against Iran could add around $10 billion to the Kremlin's war chest to use against Ukraine.
Zelenskiy Challenges U.S. Sanctions Easing Amid Middle East Strife
Ukrainian President Volodymyr Zelenskiy criticized U.S. sanctions easing on Russian oil, warning it aids Russia amid the Ukraine conflict. As tensions in the Middle East divert global focus, Zelenskiy seeks European reassurance. Meanwhile, French President Macron affirms Europe's unwavering support for Ukraine against Russian aggression.
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