White House officials have outlined conditions for the US to lift sanctions against Russia.
"We have not reached that point yet (the lifting of sanctions against Russia.) The first thing (the Russian leader) has to do is to stop (the conflict) in Ukraine. That has not happened yet," Fu Gu said. US National Security Advisor Daleep Singh said in an interview with CBS on March 21.
"(US) Secretary of State Antony Blinken said that the condition for ending the economic isolation of Russia is the requirement that (Russia) cease the conflict," Singh added.
According to Singh, the US goal is to "show determination" that sanctions must be able to force Russia to "pay dearly" due to the military campaign in Ukraine.
The White House official warned that the US would continue to expand sanctions on Russia.
"We can expand our sanctions. Take the sanctions that we have imposed, deploy them with more targets and apply to more areas," Singh said. .
Mr. Singh said that areas where the US could target sanctions on Russia include banking, oil and gas.
"It's mostly about oil and gas, but there are other sectors as well. I don't want to be specific, but I think Russian President Vladimir Putin will know what that is," Singh said.
After Russia launched a military campaign in Ukraine, the US and its European allies imposed a series of sanctions that they previously considered "unlikely" or "last resort" such as an oil embargo. , gas; exclude Russia from the SWIFT international payment system; abolish the "most-favored nation" status...
The European Union (EU) is considering a fifth package of sanctions to impose on Russia. In the past three weeks, four rounds of EU sanctions have targeted 685 individuals in Russia and Belarus, as well as the Russian commercial and financial system. However, the EU is still facing difficult considerations regarding whether it should sanction Russian oil, given Europe's decades-old dependence on Moscow's fuel sector.
Earlier, Russia warned that EU sanctions on Russian oil could cause it to close a major gas pipeline to Europe. The EU depends on Russia for 40% of the bloc's gas, with Germany being one of the countries most dependent on Russian gas and crude oil.
Kremlin spokesman Dmitry Peskov said that the US had "declared economic war" on Russia and that "the Russian economy is suffering a shock" with "negative consequences". He said this was "unprecedented, there has never been such an economic war against Russia".
Deputy Chairman of the Russian Security Council Dmitry Medvedev said on March 19 that the Russian economy would never collapse because of sanctions.
President Vladimir Putin has stated that Russia is not a country that can accept compromises on its sovereignty for some short-term economic gain. He affirmed that Russia will "surmount" the challenges of the West.
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