Abstract

The article is devoted to the sanctions policy of the USA and the countries of the European Union in relation to the Russian oil and gas sector. The restrictive measures taken by Western countries in order to change the gas and oil geopolitics in Europe are considered. It is emphasized that the formal renunciation of Russian oil does not mean the final cessation of purchases of Russian oil and oil products. American and European companies intend to continue buying Russian oil using workarounds. As a retaliatory measure of Russia, the Russian banking scheme of payment for export gas supplies to the EU countries is given. It has been proven that the ban on the import of hydrocarbons from Russia has a negative impact on the economic performance of the United States and EU countries. The inability of the US and EU countries to deprive Russia of markets for energy resources through sanctions was emphasized. The reorientation of Russian oil and gas supplies from the European to the Asian market is substantiated, where China and India act as the main buyers of Russian energy resources, acquiring Russian oil at low prices and receiving additional income from the sale of petroleum products produced from Russian oil and entering the markets of Europe and USA. It is concluded that the goal of the US sanctions policy is not only to weaken Russia, but also to weaken the EU economy, which will lead to an outflow of financial capital from Europe to the United States in the near future.

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