Vice Chancellor of Germany pointed to the reverse effect of the US ban on oil from Russia

The introduction by the United States of a ban on the import of hydrocarbons from RUSSIA has led to an increase in prices on the world market and an increase in Moscow's income, German Vice Chancellor Robert Habeck said in an interview with CNN.

“The U.S. oil ban has driven up world market prices, so [President Vladimir] Putin has made more money by selling less oil. And of course, this is a problem that we must find a solution to, otherwise we will destroy with the right hand what we built with the left, and vice versa, ”said the German Vice Chancellor.

Khabek called the decision to impose restrictions on the supply of Russian hydrocarbons correct and necessary "from a moral point of view", but noted that so far the embargo has not led to the expected effect.

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The United States imposed an embargo on oil and gas supplies from Russia in early March. Announcing this, President Joe Biden stated that he understood that such a decision would lead to an increase in gasoline prices in the United States, but at the same time about the need to "put pressure" on the Russian leader.

EU agrees partial ban on Russian oil imports Politics

On May 31, the EU agreed to a partial ban on Russian oil imports as part of a new package of sanctions against Russia. As pointed out by the HEAD of the European Council Charles Michel, the embargo will affect more than two thirds of these imports. The head of the European Commission (EC), Ursula von der Leyen, said that by the end of the year, imports of Russian oil to the EU will be reduced by about 90% by the end of the year.

The head of the EC explained that the European Union received one-third of its raw materials through oil pipelines, while Poland and Germany decided to abandon any form of Russian oil supplies and by the end of the year it will only enter the EU through the Druzhba pipeline, which accounts for 10% of the total volume of oil. bought by the European Union from Russia.

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At the same time, in May, Deputy Prime Minister Alexander Novak noted that Russia had found new buyers for oil; in addition, there was an increase in exports to suppliers in the Asia-Pacific direction. BLOOMBERG, citing estimates by Kpler analysts, reported at the end of the month that Asian countries for the first time overtook Europe in terms of the volume of oil purchased from Russia: over the previous week, tankers transported from 74 million to 79 million barrels, which was almost three times higher than the figures for the period up to February 24.

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