The US Treasury Department named the advantages of easing measures against oil from the Russian Federation
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- The US Treasury Department named the advantages of easing measures against oil from the Russian Federation
The easing of sanctions against Russian oil can stabilize the global fuel market. This was announced on April 15 by US Treasury Secretary Scott Bessent during a briefing to journalists.
"Let's imagine another world where the price of oil would jump to $150 [per barrel]. Then they (Russians. They would have earned much more by selling barrels that had already been loaded onto tankers. They were going to be sold. They were supposed to get to China anyway, but we redirected them to our allies. We helped to stabilize the oil price," explained Bessent.
In his opinion, the price of oil could jump to $250 per barrel, but this did not happen due to the easing of sanctions.
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