The United States has introduced a new round of sanctions targeting over 400 entities connected to Russia’s energy sector, prompting strong approval from Ukrainian President Volodymyr Zelenskyy.
Zelenskyy, via his X on Friday described the sanctions as a significant step in disrupting Russia’s financial and logistical networks that support its ongoing war effort.
The measures aim to impact key areas of Russia’s energy industry, including producers, insurance companies, service providers, logistics facilities, and a fleet of 184 shadow tankers.
“I am grateful to POTUS, his administration, and the entire American people for today’s announcement of a new sanctions package targeting over 400 entities linked to Russia’s energy sector. The bipartisan support of the United States truly matters, and we feel it deeply.
“These measures deliver a significant blow to the financial foundation of Russia’s war machine by disrupting its entire supply chain: key Russian producers, insurance companies, service providers in the oil and gas industry, 184 shadow fleet tankers, logistics facilities, and third-country companies,” the president said.
One notable target is Surgutneftegaz, a major oil company Zelenskyy referred to as a financial resource for Russian President, Vladimir Putin.
The sanctions are expected to curtail Russia’s revenue from oil and energy exports, which Zelenskyy suggested could expedite the end of the conflict.
He also stressed the importance of ensuring energy resources are used to promote global stability rather than as instruments of conflict.
Zelenskyy expressed gratitude to US President, Joe Biden, his administration, and the American people for their support.
He praised the bipartisan effort behind the sanctions and reiterated Ukraine’s confidence in the measures’ effectiveness in holding Russia accountable for its actions.
“Energy resources should never be used as weapons, as Russia does. Countries that respect international law can and should ensure stable and reliable energy supplies for the entire world.
“We are deeply grateful for America’s leadership in holding Russia accountable. I am confident these steps will significantly reduce Russia’s petrodollar income and, with it, its ability to continue its aggression,” he added.