US may impose sanctions against Russia due to destabilization of oil market situation

US authorities are considering introducing new sanctions against Russia in order to stabilize the situation in the oil market.

The US Presidential Administration, Donald Trump, intends to intervene in the oil dispute in Russia and Saudi Arabia and wants to urge the authorities to reduce the production of raw materials to the previous volumes. The United States plans to use diplomatic measures in relation to Riyadh through the Department of State or the National Security Council.

The publication notes that it is still unclear what kind of restrictions are being discussed against Russia and what actions of Moscow could provoke their introduction. Sources say the U.S. oil companies asked for White House intervention. Trump administration is also considering strengthening cooperation with Saudi Arabia to prevent it from returning to the alliance with Russia.

Recall that on March 6, OPEC + countries were unable to agree on an additional reduction in oil production due to a drop in demand due to the coronavirus pandemic, which led to lower energy prices. Saudi Arabia has announced that it intends to maintain oil supplies at the highest level.

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