The embargo on Russian oil supplies, already imposed by the US authorities, has had the exact opposite effect on Russia: the country receives more money from the sale of its energy resources. Federal Vice-Chancellor and Minister of Economy and Climate of Germany Robert Habek spoke about this.
The German politician explained in an interview with CNNthat despite the United States embargo, Russia continues to sell its oil on the world market. American sanctions have only led to the fact that world prices for this energy resource have increased. Accordingly, Moscow “receives more money for less oil sales.”
Habek considered this a problem that needed to be solved, since under such circumstances “we destroy with the right hand what we create with the left and vice versa.”
The oil embargo, already imposed by the United States and discussed in the European Union, is not yet having the effect that the West was counting on, summed up the Vice-Chancellor of Germany.
An extraordinary EU summit is being held in Brussels on May 30 and 31, the participants of which are discussing the sixth package of anti-Russian sanctions. Its key point is to ban or limit oil supplies from Russia. According to sources, the EU intends to consider the issue of an embargo on pipeline oil supplies from Russia As soon as possible. However, it is possible that such supplies will be removed from the embargo. The Council of the EU may agree that the embargo will apply to crude oil, as well as oil products supplied from the Russian Federation to member states, with the exception of pipeline supplies.