Despite US sanctions, Russia plans to proceed with oil and gas projects.

Russia's Foreign Ministry stated that the country would retaliate against Washington's "unfriendly" actions.

Despite US sanctions, Russia plans to proceed with oil and gas projects.
Despite US sanctions, Russia plans to proceed with oil and gas projects.

The Russian Foreign Ministry on Saturday condemned the new US sanctions on Moscow's energy sector as an attempt to harm Russia's economy and potentially destabilize global markets, and stated that the country would continue with its large oil and gas projects.

Russia will respond to Washington's "hostile" actions, as stated in a ministry statement, while developing its foreign policy strategy.

The measures were an attempt to harm the Russian economy, despite the potential risk of destabilizing global markets as President Biden's term neared its end.

Steam rises from chimneys of the Gazprom Neft's oil refinery in Omsk
Steam rises from chimneys of the Gazprom Neft's oil refinery in Omsk, Russia.  (Reuters/Alexey Malgavko)

"Despite the turmoil in the White House and the efforts of the anti-Russian lobby in the West to draw the world's energy sector into the conflict between the US and Russia, our country has consistently been a vital and dependable participant in the global energy market."

The broadest U.S. sanctions package targeting Russia's oil and gas revenues was part of measures to give Kyiv and the incoming administration of Donald Trump leverage to end the war in Ukraine.

The US Treasury imposed sanctions on Gazprom Neft, Surgutneftegas, and 183 vessels that transport Russian oil, many of which are part of the shadow fleet of ageing tankers operated by non-Western companies.

"The less revenue Russia earns from oil, the sooner peace will be restored," said Ukrainian President Volodymyr Zelenskiy.

world

An Africa-based Task Force has been established to address concerns about terrorism from Iran and jihadi organizations.

An Africa-based Task Force has been established to address concerns about terrorism from Iran and jihadi organizations.

world
Putin and Xi pledge to strengthen their alliance following Trump's return to the White House.

Putin and Xi pledge to strengthen their alliance following Trump's return to the White House.

world
Trump administration praised by mother of missing Marine veteran as search for son continues.

Trump administration praised by mother of missing Marine veteran as search for son continues.

world
Trump's Threat to Retake the Panama Canal Sparks Russia's Protest

Trump's Threat to Retake the Panama Canal Sparks Russia's Protest

world
Israeli military chief resigns due to October 7 Hamas massacre: 'A constant burden'

Israeli military chief resigns due to October 7 Hamas massacre: 'A constant burden'

world
Trump's return to the White House prompts reaction from world leaders.

Trump's return to the White House prompts reaction from world leaders.

world
A fire at a popular ski hotel in Turkey results in the death of 66 individuals.

A fire at a popular ski hotel in Turkey results in the death of 66 individuals.

world
What were the contents of the brown bags given to Israeli hostages freed by Hamas?

What were the contents of the brown bags given to Israeli hostages freed by Hamas?

world
A major counterterrorism operation is underway in a West Bank city by the Israeli military.

A major counterterrorism operation is underway in a West Bank city by the Israeli military.

world
On Inauguration Day, Israeli president praises Trump's work to release hostages, calling him a 'true friend'.

On Inauguration Day, Israeli president praises Trump's work to release hostages, calling him a 'true friend'.

world
As part of a cease-fire agreement, Israel frees 90 Palestinian prisoners to secure the release of hostages.

As part of a cease-fire agreement, Israel frees 90 Palestinian prisoners to secure the release of hostages.

world
A cease-fire agreement between Israel and Hamas may allow the rearming of terrorists in Gaza.

A cease-fire agreement between Israel and Hamas may allow the rearming of terrorists in Gaza.

world
Israelis rejoice as first hostages are released after 471 days in captivity.

Israelis rejoice as first hostages are released after 471 days in captivity.

world
A report states that the German ambassador has warned that Trump's 'maximum disruption' agenda will 'undermine' democratic principles.

A report states that the German ambassador has warned that Trump's 'maximum disruption' agenda will 'undermine' democratic principles.

world
The Israel-Hamas cease-fire will be implemented on Sunday, and its implications will be closely monitored.

The Israel-Hamas cease-fire will be implemented on Sunday, and its implications will be closely monitored.

world
In Tehran, two Supreme Court judges were fatally shot by a gunman, according to state media reports. Afterward, the assailant took his own life.

In Tehran, two Supreme Court judges were fatally shot by a gunman, according to state media reports. Afterward, the assailant took his own life.

world
Qatar announces cease-fire between Israel and Hamas to begin Sunday morning.

Qatar announces cease-fire between Israel and Hamas to begin Sunday morning.

world