White House says Europe is determined to shut down Russian energy exports

WASHINGTON, April 22 (Reuters) – A senior White House adviser said on Friday he was confident Europe was determined to shut down or further restrict Russian oil and gas exports amid Moscow’s war in Ukraine drags on.

“I’m confident Europe gets the message and they’re determined to shut down this last source of export revenue,” Daleep Singh, White House deputy national security adviser, said in an interview with CNN.

Oil exports are the Kremlin’s main source of foreign exchange and many members of the European Union have called for an end to oil payments as they effectively fund Russia’s war in Ukraine.

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Gas is also another major source of revenue for Russia, but its ban has yet to be properly discussed at the EU level due to the bloc’s reliance on it. Read more

Singh, the White House spokesman for Russia sanctions, said discussions on the matter were ongoing.

“It’s important that they do it as soon as they can. And do it in a smart way,” he said.

Measures to restrict the flow of Russian energy to Europe must be designed to hit Russian President Vladimir Putin’s income, so it cannot be used to fund his war machine, Singh said.

“And they need to be designed in a way that doesn’t impose most of the costs on Europe and all the rest of the world. So that’s the conversation going on right now.”

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Reporting by Doina Chiacu; edited by Paul Simao

Our standards: The Thomson Reuters Trust Principles.

Mary I. Bruner