US Warned Kyiv Over Russian Oil Port Attack, Citing Economic Hit

Article content(Bloomberg) — Ukraine’s envoy to the US said the Trump administration protested its attack on an oil pipeline terminal on Russia’s Black Sea coast that disrupted oil flows from US energy majors in Kazakhstan.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentAmbassador Olga Stefanishyna told a news conference that she was told that the Ukrainian attack on the Caspian Pipeline Consortium terminal in the Russian port city of Novorossiysk “affected some of the American investments which are being performed through Kazakhstan.”Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle contentUkraine hit the pipeline late last year as part of efforts to cut oil and gas income that’s financed the Kremlin’s invasion of its neighbor. The CPC venture ships some Russian oil and accounts for about 80% of Kazakhstan’s oil exports, including Chevron Corp., Exxon Mobil Corp. and Shell Plc. Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article content“We have heard from the Department of State that we should refrain from attacking American interests,” she said of the demarche in recent days. Stefanishyna made the remarks at a press conference to mark Russia’s invasion of Ukraine four years ago.Article contentThe State Department didn’t immediately respond to a request for comment. Article contentThe attack on the CPC terminal forced Kazakhstan to slash its oil shipping and production. While the US last year sanctioned Russia’s Lukoil PJSC, the firm was allowed to keep its stake in the project in part to protect those US interests. Article contentStefanishyna stressed the warning was not designed to discourage Ukraine from attacking Russia’s military and energy infrastructure, but was only related to the fact that American economic interests were impacted in the Novorossiysk attack. Article content“We have taken note of that,” she said.Article contentTrending New cross-border U.S. pipeline proposal could revive idle Keystone XL assets: analysts Oil & Gas Posthaste: Canadian dollar is facing a big risk that markets seem to be overlooking News Here's why mortgage renewals may be the banks' biggest rip-off Personal Finance Posthaste: Forget tariffs, here's how Trump is really making money off Canada News Canada's housing market suffers largest price decline among major economies, says BIS Real Estate Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. New cross-border U.S. pipeline proposal could revive idle Keystone XL assets: analysts Oil & Gas Posthaste: Canadian dollar is facing a big risk that markets seem to be overlooking News Here's why mortgage renewals may be the banks' biggest rip-off Personal Finance Posthaste: Forget tariffs, here's how Trump is really making money off Canada News Canada's housing market suffers largest price decline among major economies, says BIS Real Estate