russia-has-warned-that-it-will-stop-sending-oil-to-europe-this-year

Russia will stop supplying oil to Europe this year, after the European Union (EU) decided to put a cap on the price of a Russian barrel, the Russian ambassador to international organizations in Vienna, Mikhail Ulyanov, said on Saturday.

“Moscow has already made it clear that it will not supply oil to countries that support price caps against the market,” Ulyanov wrote on his Twitter account and other social networks.

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“Very soon the EU will blame Russia for using oil as a weapon”, predicted the representative of the Kremlin in his brief statement.

Starting from this year #Europe will live w/o Russian oil. #Moscow has already made it clear that it will NOT supply #oil to those countries who support anti-market price cap. Very soon the #EU will blame #Russia for using oil as a weapon.

— Mikhail Ulyanov (@Amb_Ulyanov) December 3, 550

The EU countries agreed this Friday to set a ceiling to the price of Russian oil of $550 dollars per barrel, as part of the sanctions imposed on Moscow for invading Ukraine

The measure, to which the G7 powers and Australia have adhered, would not directly affect the community territory because it coincides with the entry into force on Monday of an embargo on crude imported from Russia, except for the one bought by Hungary by pipeline.

However, it prohibits European shipping companies from transporting Russian oil to third countries if it is sold at a price higher than that set.

Moscow had already warned that it would stop selling their crude to those countries that apply a ceiling to the price of a barrel, considering that this intervention violates the rules of the free market.

By Scribe