- Moscow said it would “look for other importers” after the European Union reached an agreement on a Russian oil embargo.
- European Commission President Ursula von der Leyen announced the measures on Monday.
- Ukraine urged EU countries to strip themselves of Russian oil and gas.
Moscow said on Tuesday it would look for “other importers” after European Union leaders reached an agreement to ban Russian oil.
European Commission President Ursula von der Leyen announced Monday that the bloc will cut about 90% of Russia’s oil imports into the European Union by the end of 2022 – the latest round of sanctions aimed at punishing Moscow for its ongoing war in Ukraine.
“As she said yesterday, #Russia will find other importers,” said Mikhail Ulyanov, permanent representative of Russia to international organizations in Vienna. chirp In response, he mocked that the EU was “not in a good shape”.
Russia, the world’s leading producer of crude oil, is highly dependent on oil and natural gas revenues. Europe depends on these raw materials for its energy needs; In recent months, the European Union bloc has spent billions on Russian oil.
The Ukrainian government has tried to persuade the West to impose tougher sanctions on Moscow and has urged European Union countries to stay away from Russian oil and gas.
Charles Michel, President of the European Council. chirp On Monday, the European Union’s oil embargo “immediately covered more than two-thirds of oil imports from Russia, cutting off a massive source of funding for its war machine.”
But the ban also includes cuts to Hungary, Slovakia and the Czech Republic to continue buying Russian oil, continuing to feed the Kremlin’s coffers with billions.
However, sweeping economic sanctions against Russia – which a number of European and Western countries have imposed since Ukraine invaded Ukraine in late February – have led economists to believe that the country’s economy is “collapse from within” under pressure.
Von der Leyen repeated those allegations last week, claiming that Western sanctions are “filtering” the Russian economy and crippling President Vladimir Putin’s forces — who are waging a fierce and bloody campaign against Ukrainian forces in the country’s eastern Donbass region.
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