Targeting Russia’s oil and gas revenue is crucial to weakening its war in Ukraine, former U.S. Ambassador to NATO Kurt Volker told Newsmax on Sunday, warning that China and India remain key enablers of Moscow’s military machine.
“The oil is central, oil and gas,” Volker said on Newsmax’s “Sunday Report.” “Russia has state-owned enterprises or large private enterprises that the government gets massive revenue from, from the sales of oil and gas. This goes into the Kremlin budget.”
This means that President Donald Trump’s Thursday meeting with Chinese President Xi Jinping in South Korea comes at a pivotal moment, as Washington tightens sanctions on two of Russia’s largest oil companies, Lukoil and Rosneft.
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