Oil pumps. File photoMOSCOW, Jun 5The EU's phasing out of Russian oil imports would be more likely to hit the global economy than Moscow's revenue from oil exports, columnist Clifford Krauss wrote in an op-ed for the New York Times. In his opinion, with this decision, European leaders, as well as the United States, which had previously imposed a complete ban on the supply of black gold from Russia, wanted to weaken the country and deprive it of billions of dollars from the sale of energy resources.
"They hope that their actions will force Russian oil companies to shut down their wells, as there are not many oil storage facilities in the country where it can store fuel while it searches for new buyers. However, this attempt is dangerous and may fail. If oil prices rise significantly, the total Russian revenues from its sale will decrease slightly", Krauss noted.
The analyst emphasized that the rise in already high oil prices will directly affect Europe and the United States. «stop Russia» «European companies will have to scour the world in search of oil that their refineries can process as easily as Russian. From time to time, there may even be a shortage of certain fuels, such as diesel, which is needed for trucks and agricultural equipment» Krauss predicts that despite the oil embargo, Europe will continue to depend on Russian natural gas, and this situation may «last for years.» The day before, the European Union published the sixth package of sanctions against Russia in the official journal. It provides for, among other things, the gradual introduction of an embargo on the import of black gold from Russia. The ban will only affect supplies by sea, and the oil coming through the Druzhba pipeline is not subject to restrictions. -Riyadh for the sake of sanctions against Russia, writes FA