The Russian Foreign Ministry has announced that the partial abandonment of Russia’s oil and oil products by the European Union could lead to further increases in energy prices and soften world energy markets.
The Russian Foreign Ministry also said in a statement on Thursday that the move would also lead to disruption of supply chains, which would weaken the European Union’s economy.
“It is clear that the key elements of the next package of unilateral restrictions on Russia, agreed under the banner of combating dependency on Russia, will have a devastating effect on the European Union,” the statement read.
The ministry noted that the EU’s decisions to phase out Russia’s oil and oil products, as well as the ban on insurance on Russian merchant ships, “are likely to lead to further price increases, disrupt markets. of energy and disrupt supply chains. ” of supply.
Oil prices rose earlier this week, following the European decision to impose a partial embargo on Russia’s oil, and last Monday, European Union leaders agreed in principle to ban 90% of Russia’s oil imports for the end of this year.
Source: RT + RIA Novosti
Source: Arabic RT
