Blumenthal Statement on U.S. Treasury Sanctions on Major Russian Oil Companies

[WASHINGTON, D.C.] - U.S. Senator Richard Blumenthal (D-CT) released the following statement on the U.S. Department of the Treasury's Office of Foreign Assets Control imposing further sanctions on Russian oil companies, increasing pressure on Russia's energy sector that supports Russia's aggression in Ukraine:

"These sanctions are a step in the right direction but nowhere near enough to stop oil and gas revenue fueling Russia's murderous war machine. This action must be followed by sledgehammer sanctions like the Graham-Blumenthal Sanctions bill to halt China, India, Brazil, Hungary and others from buying oil and gas. Only strong, scorching sanctions will end Putin's slaughter and bring him to negotiating an end to his assault. Until such sanctions are imposed, Putin will stonewall and slow-walk America. Now is the time for America to show real leadership and stop appeasement-peace through strength, by unyielding and unambiguous support for Ukraine."

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