The US does not plan to introduce secondary sanctions for the purchase of Russian oil

MOSCOW, 12 Oct — PRIME. The United States does not plan to introduce secondary sanctions for the purchase of Russian oil at prices above the limit set by the G7 countries, said Deputy Treasury Secretary Wally Adeyemo.

“We do not plan to impose secondary sanctions, because we do not see the need for this,” he said during an energy conference in New York.

According to Adeyemo, Washington wants to achieve a situation in which Russian oil will continue to enter the market, but the cost of raw materials and Moscow’s income from its sale will decline. According to the US Treasury, such a situation would be “economically feasible” for all market participants and create additional incentives.

In addition, the United States intends to further reduce energy prices and increase the supply of its raw materials in the world.

On September 2, the finance ministers of the G7 countries confirmed their intention to impose a price limit on Russian oil and oil products. It is expected that the measures will be taken in three stages: for crude oil, they will come into force as early as 5 December.