The United States government intends to halve Russia's revenues from oil and gas exports by the end of this decade. This was stated by US Deputy Secretary of State for Energy Jeffrey Payette in an interview with the Financial Times.
"We will do everything possible to make this (reduction of Russian revenues) true. The purpose of these sanctions is to change Russia's behavior and to make sure that Putin, when a certain peace is reached, does not use three or four years to rearm and prepare his army for the third stage of the invasion of Ukraine," Payette said.
It is noted that Russia has continued to export large volumes of oil since the beginning of the full-scale invasion of Ukraine in February 2022.
However, the International Energy Agency predicts that oil and gas exports from Russia could fall by at least 40-50% by 2030 if Western sanctions against the Russian energy industry continue.