THIS MESSAGE (MATERIAL) IS CREATED AND (OR) DISTRIBUTED BY A FOREIGN MASS MEDIA PERFORMING THE FUNCTIONS OF A FOREIGN AGENT AND (OR) A RUSSIAN LEGAL ENTITY PERFORMING THE FUNCTIONS OF A FOREIGN AGENT.
The refusal of the United States from Russian oil, which President Joe Biden announced the day before, threatens the country with “huge financial losses.” This conclusion was made by The Hill, citing a JPMorgan report.
Russian hydrocarbons account for more than 8% of all US imports. According to the authors of the material, the rejection of them will lead to a significant increase in prices, “at least until other energy supplies come from somewhere.”
Almost simultaneously, Turkish Deputy Minister of Energy and Natural Resources Alparslan Bayraktar made a similar statement, saying that EU economic sanctions against Russia would have a “terrible” impact on the global oil market.
He emphasizes that the global economy has just begun to recover from the pandemic, which has begun to decline, and suggests that it will be extremely difficult to replace Russian oil, writes MK.
Other politicians, in particular, Albanian Prime Minister Edi Rama, also report the fatal consequences for the European and world economy of even a partial embargo on Russian hydrocarbons.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
