WP: The US has changed its mind about punishing Saudi Arabia for cutting oil production in October 2022 12:07

Continued pressure on Saudi officials to cut oil production in October 2022 will limit future cooperation between the two countries. For this reason, the US Congress confined itself to introducing restrictive measures against Riyadh only in the defense sector of the kingdom’s economy. informs The Washington Post (WP) newspaper cites sources in the US State Department.

October 5 OPEC+ alliance acceptance On the extension of the agreement on oil production until 31 December 2023. At the same time, the daily quota for countries participating in the commodity union decreased by 2 million barrels. This decision did not suit the administration of US President Joe Biden.

“Months after the White House promised to punish Saudi Arabia for cutting oil production against the wishes of the United States, the Biden administration has put an end to retaliatory talks against the Gulf kingdom, highlighting the two countries’ long-standing security ties and Riyadh’s support moves. Washington’s priorities in Yemen and Ukraine,” he says.

Given the intensification of the energy crisis, Washington currently has no opportunity to exert further pressure on Saudi officials. The article turned out that the restrictions in the field of military and defense cooperation between the two countries are the only measures agreed by the US authorities.

On January 22, the Yahoo News portal cited the words of Mohammed Al-Jadaan, the Minister of Finance of Saudi Arabia. knowledgeable about the intention of the royal authorities to abandon the monopoly of the US dollar in trade. At the same time, this initiative was announced for the first time in 48 years.

Source: Gazeta


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