HomeMediaLatest NewsConsequences of new sanctions against Russian oil supplies

Consequences of new sanctions against Russian oil supplies

11 December 2024

Belogoryev Alexey M. Research and Development Director, Director of the Center for Energy strategic analysis and forecasting

Alexey Belogoryev, Research and Development Director of the Institute for Energy and Finance, commented to RIA Novosti on the risk of new US sanctions against Russian oil exports.

The usual scenarios of possible new American sanctions against oil supplies from Russia are ineffective, and the Iranian one, threatening all countries that buy this oil, threatens an international crisis, Alexey Belogoryev said.

According to him, the most likely scenario - the imposition of blocking sanctions on a relatively large number of oil tankers carrying Russian oil - can only create short-term difficulties for the fleet, without greatly affecting its overall efficiency.

"The costs of Russian suppliers will temporarily increase, but not critically," the expert explained.

"It is a completely different matter - secondary sanctions against buyers of Russian oil, following the example of anti-Iranian sanctions, which the Western media are now writing about. This is a really strong, albeit extremely risky tool. And I don't think Biden is ready to use it," Belogoryev added.

He explained that such a step would lead to a sharp aggravation in US international relations not only with Russia, but also with China and India, and partly with Turkey.
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