US Official Unveils Drastic Punishment: Halving Russia's Energy Revenues by 2030
The United States plans to cut Russia's oil and gas revenue by 50 percent by 2030 as punishment for its invasion of Ukraine, according to U.S. Assistant Secretary of State for Energy Resources Geoffrey Pyatt. The U.S. hopes that sanctions on oil and gas revenue will deter Russian President Vladimir Putin from future military aggression. Despite previous economic sanctions, Russia has managed to avoid significant financial setbacks through deals with India and China. The U.S. intends to apply economic pressure on Putin until Russia's oil and gas revenue is halved, with the aim of limiting Russia's ability to engage in revanchism and strategic behavior internationally.