A ban on Russian gas and oil imports into Europe could boost energy prices around the world, US Treasury Secretary Janet Glenn warned today, calling for a reduction in European dependence on Russian energy products but “without imposing a full penalty.” the planet”.
“We have to be careful with a complete ban on (Russian) oil imports to Europe,” Glenn told a news conference today. “It would be ideal and it is a question that we are all trying to address together,” he added.
European countries are trying to reduce their dependence on oil and gas they import from Russia to punish Moscow for invading Ukraine. But “this would clearly raise world oil prices, it would have ominous consequences in Europe and in other parts of the world,” Yellen said.
The US Secretary of State reiterated that the proceeds from the sale of gas and oil are an important source for Russia and “it would be very useful to try to find a way to reduce them (…) This is really the goal.”
“In the case of oil and gas, the situation in Europe is clearly different from that in the United States. We have banned imports of Russian energy products of any kind, but we import little from Russia. This does not apply to Europe,” which should , in the medium term, reduce its energy dependence, he continued.
On April 8, the EU decided to suspend coal imports from Russia, an embargo that will take effect in early August. In 2021, Russia supplied 30% of the crude and 15% of the oil products purchased by the EU.
Source: ΑΠΕ-ΜΠΕ
Source: Capital
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