Russia threatens: Oil import ban could drive prices above 300 dollars

Russia’s Deputy Prime Minister Alexander Novak warns of an oil price of more than 300 dollars per barrel (159 liters) if the USA and the EU ban imports from Russia. Such a step would have catastrophic consequences for the world market, Nowak said in a video on state television. In addition, Nowak said that Russia could cut off the natural gas supply via the Nord Stream 1 pipeline to Germany.

An “embargo on gas transport through the Nord Stream 1 gas pipeline” would be justified given the “unfounded allegations against Russia regarding the energy crisis in Europe and the ban on Nord Stream 2,” it said in a statement broadcast on state television. “But we haven’t decided that yet.” The Nord Stream 1 pipeline has long been an important strand for Germany’s gas supply.

By Editor

Leave a Reply