The war is going well between Russia and the European Union. Russia warns that a gradual cut in most Russian oil imports is likely to destabilize world energy markets. In fact, they characterize the step as “self-destructive” and how such actions will boomerang in the EU..
As the Athenian News Agency broadcasts on Monday, the European leaders agreed in principle to cut 90% of imports oil from Russia until the end of this year, in the harshest sanctions of the European bloc so far since the beginning of the invasion of Ukraine, which Moscow describes as a “special military operation”.
“Decisions by the European Union to phase out Russian oil and oil products, as well as to ban Russian merchant ship insurance, are very likely to cause further price increases, destabilize energy markets and disrupt supply chains»The Russian Foreign Ministry said in a statement.
The EU has imposed multiple rounds of sanctions on Russia since invading Ukraine in February, showing unusual study and unity given the complexity of the measures.
European Council President Charles Michel said a move to gradually cut Russian oil imports would remove a huge img of funding from Moscow and put pressure on it to end its military campaign, but Moscow warned that the measures would have as a result of which they damage the economy of the European bloc.
“Brussels and its political sponsors in Washington bear full responsibility for the risk of worsening global food and energy issues caused by the European Union’s illegal actions.” said the Russian Foreign Ministry.
Source: News Beast
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