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.
Russia says US risks global energy instability with new sanctions
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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“
EU leaders to reassess US ties despite Trump U-turn on Greenland
- Diplomats stressed that, although Thursday’s emergency EU talks in Brussels would now lose some of their urgency, the longer-term issue of how to handle the relationship with the US remained
BRUSSELS: EU leaders will rethink their ties with the US at an emergency summit on Thursday after Donald Trump’s threat of tariffs and even military action to acquire Greenland badly shook confidence in the transatlantic relationship, diplomats said.
Trump abruptly stepped back on Wednesday from his threat of tariffs on eight European nations, ruled out using force to take Greenland, a semi-autonomous territory of NATO ally Denmark, and suggested a deal was in sight to end the dispute.
German Chancellor Friedrich Merz, welcoming Trump’s U-turn on Greenland, urged Europeans not to be too quick to write off the transatlantic partnership.
But EU governments remain wary of another change of mind by a mercurial president who is increasingly seen as a bully that Europe will have to stand up to, and they are focused on coming up with a longer-term plan on how to deal with the United States under this administration and possibly its successors too.
“Trump crossed the Rubicon. He might do it again. There is no going back to what it was. And leaders will discuss it,” one EU diplomat said, adding that the bloc needed to move away from its heavy reliance on the US in many areas.
“We need to try to keep him (Trump) close while working on becoming more independent from the US It is a process, probably a long one,” the diplomat said.
EU RELIANCE ON US
After decades of relying on the United States for defense within the NATO alliance, the EU lacks the needed intelligence, transport, missile defense and production capabilities to defend itself against a possible Russian attack. This gives the US substantial leverage.
The US is also Europe’s biggest trading partner, making the EU vulnerable to Trump’s policies of imposing tariffs to reduce Washington’s trade deficit in goods, and, as in the case of Greenland, to achieve other goals.
“We need to discuss where the red lines are, how we deal with this bully across the Atlantic, where our strengths are,” a second EU diplomat said.
“Trump says no tariffs today, but does that mean also no tariffs tomorrow, or will he again quickly change his mind? We need to discuss what to do then,” the second diplomat said.
The EU had been considering a package of retaliatory tariffs on 93 billion euros ($108.74 billion) on US imports or anti-coercive measures if Trump had gone ahead with his own tariffs, while knowing such a step would harm Europe’s economy as well as the United States.
WHAT’S THE GREENLAND DEAL?
Several diplomats noted there were still few details of the new plan for Greenland, agreed between Trump and NATO Secretary General Mark Rutte late on Wednesday on the sidelines of the World Economic Forum in Davos, Switzerland.
“Nothing much changed. We still need to see details of the Greenland deal. We are a bit fed up with all the bullying. And we need to act on a few things: more resiliency, unity, get our things together on internal market, competitiveness. And no more accepting tariff bullying,” a third diplomat said.
Rutte told Reuters in an interview in Davos on Thursday that under the framework deal he reached with Trump the Western allies would have to step up their presence in the Arctic.
He also said talks would continue between Denmark, Greenland and the US on specific issues.
Diplomats stressed that, although Thursday’s emergency EU talks in Brussels would now lose some of their urgency, the longer-term issue of how to handle the relationship with the US remained.
“The approach of a united front in solidarity with Denmark and Greenland while focusing on de-escalation and finding an off-ramp has worked,” a fourth EU diplomat said.
“At the same time it would be good to reflect on the state of the relationship and how we want to shape this going forward, given the experiences of the past week (and year),” he said.
