Daily Express: EU sanctions against Russia could hit European economy

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in new material daily express It is said that only the EU will be affected by the imposition of an embargo on the supply of Russian energy carriers.

The article explains that Asian markets remain open for Moscow.

“Brussels expects the ban on the supply of all Russian oil to Europe to deal a crushing blow to the Russian economy. <…> But Russia continues to trade with its Eastern partners, and thanks to the expansion of the network of oil and gas pipelines to Asia, profits will increase significantly, ”wrote the Daily Express journalist.

Former German Economy Minister Robert Habeck declarationHe said the oil embargo from Russia could lead to gasoline shortages in eastern Germany.

Karol Galek, Minister of Energy of Slovakia thinksHe said the European Commission’s proposal to ban imports of petroleum products from Russia by the end of the year could devastate the European Union’s economy.

According to Reuters, permanent representatives of EU countries could not be reached Agreements on the imposition of an embargo on the import of Russian oil. Mohammed Barkindo, Secretary General of the Organization of Petroleum Exporting Countries (OPEC), announced that there is no free capacity in the world to replace the oil supplied by Russia. According to him, the energy market will certainly feel the impact of the potential loss of such a large volume of raw materials.

According to the recommendations of the European Commission, the EU should impose sanctions on Russian oil, banning imports of crude oil for six months and imports of petroleum products until the end of the year. A special exemption has been developed for Slovakia and Hungary, giving them until the end of 2023, as they are more dependent on Russian oil.

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