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Tuesday, May 24, 2022
HomeLatest NewsMedia: EU oil embargo could benefit Russia

Media: EU oil embargo could benefit Russia

The Swiss daily 20 Minuten published an article stating that the embargo that the European Union wants to impose on Russian oil may, instead of destroying the Russian economy, have the opposite effect.

The fact is that not all European countries support this ban. Some states do not have access to the sea and it will be difficult to find an alternative source of black gold supplies. In addition, Moscow can easily find buyers outside the EU, for example in Beijing or Delhi.

And finally, the ban on importing oil can cause an increase in its price. According to the International Monetary Fund, Russia covers the cost of extracting black gold at a price of $15 per barrel.



Source: rg.ru

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