U.S. Treasury Secretary Says Sanctions Will Reduce Russian Oil Revenue by 20%

Besent said that US sanctions will cause a 20% drop in Russia's oil revenue!

US Treasury Secretary Besent stated that Russian President's envoy Dmitriev's claim that Western sanctions have not harmed the Russian economy is dishonest.

"I think Russia will immediately feel the pain. I can tell you, we have already seen India completely stop purchasing Russian oil, and many Chinese refineries have shut down."

"Of course, the Russian economy is a wartime economy, with almost zero growth, I think, inflation rate has exceeded 20%, everything we do will involve Putin, it is oil that funds Russia's war machine, I think we can significantly cut his profits."

Besent said that Russia cannot escape the impact of sanctions on its economy, and its oil revenue this year has dropped by 20% compared to last year, and new sanctions may reduce it by another 20% or 30%.

Original text: www.toutiao.com/article/1847081380963328/

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