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Russia says US risks global energy instability with new sanctions

Russia says US risks global energy instability with new sanctions
Moscow on Saturday accused the US of being ready to risk global energy instability with new wide-reaching sanctions on Russia's energy sector. (AFP/File)
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Updated 11 January 2025

Russia says US risks global energy instability with new sanctions

Russia says US risks global energy instability with new sanctions
  • “Of course Washington’s hostile actions will not be left without reaction,” said Moscow’s foreign ministry
  • Kremlin spokesman Dmitry Peskov earlier told reporters that the Biden administration was trying to leave Trump “as heavy a legacy as possible“

MOSCOW: Moscow on Saturday accused the US of being ready to risk global energy instability with new wide-reaching sanctions on Russia’s energy sector.
The US and the UK on Friday announced new sanctions against Russia’s energy sector, including oil giant Gazprom Neft, just days before President Joe Biden leaves office.
Moscow’s foreign ministry said in a statement that on the eve of Biden’s “inglorious time in power,” Washington was trying to “cause at least some harm to Russia’s economy even at the cost of destabilising world markets.”
“Of course Washington’s hostile actions will not be left without reaction,” it added.
In a reference to the California wildfires, Moscow accused Biden’s administration of leaving behind “scorched earth,” or total destruction, for incoming US President Donald Trump — since he cannot cancel the sanctions without Congress approval.
Kremlin spokesman Dmitry Peskov earlier told reporters that the Biden administration was trying to leave Trump “as heavy a legacy as possible.”
The US Treasury Department said Friday it was designating more than 180 ships as well as Russian oil majors Gazprom Neft and Surgutneftegas, fulfilling “the G7 commitment to reduce Russian revenues from energy.”
Gazprom Neft on Friday slammed the sanctions as “baseless” and “illegitimate,” Russian state news agencies reported.
Biden’s deputy national security adviser for international economics, Daleep Singh, called the sanctions “the most significant” yet on Russia’s energy sector, which he said was “by far the largest source of revenue for (President Vladimir) Putin’s war.”
The Russian ministry on Saturday accused the US of seeking to “hinder as far as possible or even make impossible any bilateral economic ties, including with US business.”
It said Washington was “sacrificing to this the interests... of European allies,” which are “forced to switch over to more expensive and unreliable American supplies.”
It also accused Washington of “ignoring” the views of its own population on rising energy prices once the presidential election was over.


UK’s King Charles honors nation’s war dead

UK’s King Charles honors nation’s war dead
Updated 6 sec ago

UK’s King Charles honors nation’s war dead

UK’s King Charles honors nation’s war dead
LONDON: Britain’s King Charles III on Sunday led commemorations for the nation ‘s war dead, along with other senior members of the royal family including his son William and his wife Catherine.
The 76-year-old monarch, who is still undergoing treatment for an undisclosed cancer, laid the first wreath at a somber ceremony at the Cenotaph memorial in central London after the traditional two-minute silence at 11:00 am (1100 GMT).
Queen Camilla and Catherine, now in remission after her own cancer diagnosis, watched from the balcony of the Foreign Office overlooking the memorial.
Crowds lined the Whitehall area of the capital as political leaders, including Prime Minister Keir Starmer, current and former members of the armed forces, and war veterans, paid their respects to British and Commonwealth soldiers killed in two world wars and other conflicts.
Around 10,000 armed forces veterans took part in a march-past, including around 20 who served in World War II.
Among those who took part was 101-year-old Sid Machin, one of the last survivors of the Burma (now Myanmar) campaign, who served as part of a special forces unit.
Other members of the royal family including Prince William also laid wreaths.
Prince Harry, 41, who is largely estranged from his family after quitting royal duties along with his wife Meghan in 2020, was not present.
Days ahead of the Remembrance Sunday events, however, he penned a piece released by his US office in which he expressed his pride at being British and urged people not to forget veterans.
The younger son of the king, who did two tours of duty in Afghanistan, said he had witnessed “courage and compassion in the harshest conditions imaginable.”
“But I also saw how easy it can be, once the uniform comes off, for those who gave everything, to feel forgotten,” he said.
On Saturday evening, William and Catherine’s eldest son, Prince George, 12, attended his first tribute for soldiers killed in action at the Royal Albert Hall in London.
It was the first time George, second in line to the throne, had attended the Festival of Remembrance event organized annually by the Royal British Legion, an association dedicated to supporting veterans and their families.
The event, always attended by the monarch and senior members of the royal family, featured readings, prayers, videos and musical performances — including a performance by Rod Stewart.