THE ban on imports of Russian gas and oil into Europe may eject them prices of energy around the world, warned the Minister of Finance on Thursday USAcalling for European dependence on Russian energy products to be reduced but “without punishing the whole planet.”
We must be careful with the complete ban on the import of (Russian) oil to Europe, said the Janet Glenn in a press conference he gave earlier today.
«If we could find a way to do it, without hurting the whole planet with rising energy prices, it would be ideal – it is a question we are all trying to address together.“, pointed out.
European countries are trying to reduce their dependence on oil and gas imported from Russia to punish Moscow for its invasion of Ukraineas the French Agency writes.
Nevertheless “This would clearly increase world oil prices, with dire consequences for Europe and the rest of the world.“, According to Helen.
The US Secretary of State reiterated that revenues 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 (…). That’s really the goal».
“In the case of oil and gas, the situation in Europe is very different from that in the United States. We have banned the import of Russian energy products of any kind, but we import very little from Russia. This does not apply to Europe “which should, in the medium term, to reduce its energy dependencehe continued.
According to APE BPE, in 2021 Russia provided the 30% of crude and the 15% of petroleum products purchased by the EU.
It is worth noting, however, that on 8 April the EU decided to suspend coal imports from Russia, an embargo to be implemented by the authorities August.
Source: News Beast
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