Russian embassy urges US to redirect ‘irrepressible energy’

The American authorities recognize the connection between the rise in fuel prices in the United States and the sanctions imposed against Russian energy carriers, the Russian embassy said. The diplomatic mission urged the United States to redirect forces to solve their own problems The Russian Embassy called on the United States to redirect “irrepressible energy” />

International sanctions against Russia are counterproductive, with US officials acknowledging that restrictive energy measures will lead to instability in the energy market and higher fuel prices, the Russian embassy said.

“We recommend that America's ruling circles send their irrepressible energy to solve their own problems in the United States, — said in the message.

Sanctions will be ineffective, they are confident in the diplomatic mission, they said that the strengthening of the Russian currency speaks of the stability of the economy and the financial sector of the country. “This is recognized by the experts themselves from Western countries,” — say the embassy.

The ruble began to strengthen against the dollar and the euro in mid-March against the backdrop of statements by the Russian leadership about Russia's intentions to continue delivering oil and gas abroad in the national currency. After President Vladimir Putin signed the corresponding decree at the end of March, the dollar exchange rate reached 83 rubles, the euro— RUB 87.7

Then the Russian currency continued to strengthen: at the end of April, the dollar exchange rate for the first time since November last year fell below 71 rubles, and on May 4, for the first time since March 2020, it fell to 66.6 rubles. The euro exchange rate during the auction fell below 70 rubles— up to 69.8 rubles— for the first time since February 2020.

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At the White House, during a briefing in early April, the strengthening of the ruble was explained by “artificial pumping”; The Central Bank and the government of Russia, expressing confidence that the exchange rate of the Russian currency cannot be considered a real indicator of the state of affairs in the economy. White House Communications Director Kate Bedingfield then expressed confidence that the sanctions against Russia are working.

The Kremlin did not agree with this assessment at the time. “You can focus [on the ruble exchange rate],” — said Dmitry Peskov, a spokesman for the Russian president.

In early March, the United States imposed a ban on oil and gas supplies from Russia, President Joe Biden announced this. He pointed out that this decision was supported by representatives of both parties of the Congress— Republican and Democratic. Then the cost of Brent oil exceeded $130, and the price of gasoline in the United States broke a historical record, the cost of a gallon (3.785 liters) reached $4.17. The last record was set in July 2008, when the price per gallon of gasoline was $4.11. At the end of March, the American president called the increase in gasoline prices “Putin's rise in price”.

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