In this way, the European Union allegedly does not allow Russia to earn even more on energy products.
European Union forced to buy oil from Russia. If it is abandoned, Putin will find buyers in other markets and will be able to earn even more, and the price of products will rise.
This opinion was expressed by the head of the European Commission, Ursula von der Leyen, live on MSNBC.
“We always need to find the right balance between not hurting our economy too much… If we completely abandon Russian oil from today, then he (Russian President Vladimir Putin — ed.) will probably be able to sell it on the world market where prices rise and earn more,” von der Leyen said.
Earlier this week, the head of the European Commission reportedthat the oil embargo is a matter of weeks. However, she stressed: Putin should not be able to sell energy raw materials on the world market at higher prices. We must not allow the oil that was destined for the EU to be sold at a higher price to other buyers.
Oil embargo: what is known
- 4 May European Commission President Ursula von der Leyen presented the sixth package EU sanctions against the Russian Federation, including the oil embargo and the disconnection of Sberbank from SWIFT.
- At the same time, the Hungarian government called the EU plan for a complete ban on Russian oil imports unsatisfactory and said that it threatened the country’s energy security. The state is seeking to secure supplies of oil from other sources before approving the sixth round of sanctions.
- By information According to Bloomberg sources, the EU proposed to revise the oil embargo against the Russian Federation and allow Hungary and Slovakia to buy Russian oil until the end of 2024, and the Czech Republic until June 2024.
- Head of the European Council surethat the embargo on Russian oil will be approved before the end of the month. The decision will be agreed despite the resistance of Hungary.
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