Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

White House Vows to Avoid Future Sanctions on Russian Crude Oil

Feb. 25, 2022, 4:21 PM

The Biden administration won’t sanction Russian crude oil because that would harm U.S. consumers and not Vladimir Putin, a U.S. State Department official said Friday.

“The sanctions will not target the oil flows as we go forward,” Amos Hochstein, the State Department’s senior energy security adviser, said in an interview on Bloomberg Television.

WATCH: U.S. State Department Senior Advisor for Energy Security Amos Hochstein says Russian oil won’t be sanctioned.
Source: Bloomberg

The remarks underscore the Biden administration’s approach to sanctions that are intended to maximize pain for the Russian president while minimizing the blowback for U.S. and European consumers.

“If we target the oil and gas sector for Putin, and in this case the Russian ...