Russia warned today that the European Union’s decision to partially phase out Russian oil would destabilize global energy markets, describing the move as a “self-destructive” move that could backfire.
EU leaders agreed on Monday in principle to cut 90% of oil imports from Russia by the end of this year; these are the toughest sanctions the bloc has imposed since the beginning of Russia’s invasion of Ukraine, which Moscow calls a “special military operation”.
“The European Union’s decisions to partially phase out Russian oil and oil products and ban insurance of Russian merchant ships will likely trigger further price increases, destabilize energy markets and disrupt supply chains,” the Russian Foreign Ministry said. said in a statement.
The EU has hit Russia with multiple sanctions since Moscow invaded Ukraine in February, displaying an unusual speed and unity given the complexity of the measures.
European Council President Charles Michel said the phasing out of Russian oil would deprive Moscow of a large source of funding and pressure Russia to end its military action, but Moscow warned that the measures would hurt the bloc’s economy.
“Their political sponsors in Brussels and Washington bear full responsibility for the risk of exacerbation of global food and energy problems caused by illegitimate actions of the European Union,” said the Russian Foreign Ministry.
source: Noticias
