US Must Respond If Russia Decides to Weaponize Energy Resources – Panorama International
WASHINGTON, February 23rd. /TASS/. Not a single financial institution of the Russian Federation will be independent of the United States in the event of an aggravation of sensitivity around Ukraine. This was announced on Tuesday at a briefing by Deputy Director of the White House Economic Council Duleep Singh, who is also Deputy Assistant to the President for National Security, in charge of the global economy.
“Let me be absolutely clear – no Russian financial institution will be safe,” he said.
“We are very powerful in our financial circles.
Energy resources as a weapon
Using energy consumption as a crime will speed up Europe’s buying of fuel from others and the consequences, Singh said.
“We can state quite clearly that if the president [РФ Владимир] “Putin is using energy as a weapon,” said Singh, who is also deputy assistant to the president for national security in charge of the global economy.
Oil prices
Collective losses, such as dumping oil from reserves and increasing revenues, will drive up prices for themselves, despite sanctions against the Russian Federation, Singh said.
“There are measures that consumers of resources can take with their rational reserves. There are measures that can be taken to improve the efficiency of energy resources in terms of expanding capacities <...>, ramping up production in the current environment. all other instruments and registered that we have in our use, said also the detection of maneuvers <...> together, as we have used, are effective in driving down the price of gasoline and oil,” Singh.