Moscow predicts jump in profits from energy exports in 2022

Russian Foreign Minister Sergei Lavrov denied on Saturday that Western sanctions had influenced his oil exports.

Lavrov also said that the country should see a jump in profits from energy shipments in 2022, according to the Tass news agency.

“Considering the price level that was established as a result of Western policies, we did not suffer any budgetary losses. On the contrary, this year there will be a significant increase in profits from exporting our energy resources,” Lavrov told a Bosnian television station, according to Tass.

European sanctions

Earlier this week, Europe announced that it intends to block up to 90% of Russian oil purchases by the end of this year. Immediately, the embargo affects oil arriving by sea, which represents 2/3 of imports.

“Agreement to ban the export of Russian oil to the EU. This immediately covers more than 2/3 of Russia’s oil imports, cutting off a huge source of funding for its war machine,” European Council head Charles Michel said in a tweet late Monday. .

The expansion planned for the end of 2022 considers the end of the use of oil that arrives by land made by Poland and Germany.

*With information from David Ljunggren of Reuters

Source: CNN Brasil

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