The US fears an increase in the price of oil due to damage to Russian energy infrastructure
Washington has urged Kiev to stop drone attacks on Russia’s energy infrastructure, amid fears the attacks could push up global oil prices, the Financial Times reported on Friday, according to US network CNBC..
Despite the sanctions, Russia remains one of the world’s top energy exporters, and the White House is concerned that such strikes could lead to retaliation against Western energy infrastructure, sources said.
Meanwhile, Kharkiv is facing a series of blackouts on Friday following Russian missile attacks on Ukrainian energy infrastructure, according to the region’s mayor.
Meanwhile, the International Monetary Fund approved a third review of Ukraine’s $15.6 billion loan program, allowing Kiev to draw $880 million in fiscal support.
The IMF said Ukraine’s economy showed “remarkable resilience” in 2023, but noted that risks remained from Russia’s continued offensive. But Ukraine mission chief Gavin Gray told reporters the fund still expects the war in Ukraine to end by the end of 2024, according to Reuters.
The IMF funding, due to arrive in the coming days, comes after a tranche of EU funding received by Kiev on Wednesday, but with US aid remaining frozen in Congress.
Source :Skai
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