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The Ministry of Energy estimated EU losses from the oil embargo from the Russian Federation

Photo: AP

Last year, the European Union paid Russia approximately 88 billion euros for energy resources. Of these, nearly 70 billion – for oil and oil products.

The impact of the introduction of the oil embargo against Russia on the economies of the 27 EU member states, on average, would be equivalent to a decrease in income of 0.2-0.3%, or approximately 100 euros per adult European. Energy Minister German Galushchenko wrote this in a blog for the New Times.

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The Minister referred to the forecasts of conference participants in the European Parliament on EU sanctions.

The head of the Ministry of Energy states that the oil embargo, which the European Union considers as part of the sixth package of sanctions against Russia, is one of the main measures to limit President Vladimir Putin’s ability to finance war against Ukraine.

“First, the supply of oil, carried by tankers, will be cut off. By the end of the year, the embargo will extend to pipeline oil. Thus, 27 EU members will join those countries that have already abandoned Russia’s oil. – the United States, Great Britain, Canada and Australia, “Galushchenko stressed. .

At the same time, he recalled that in 2021 the European Union paid Russia approximately 88 billion euros for energy resources. In particular, nearly 70 billion for oil and oil products. Russia’s military budget in the same year reached 62.5 billion euros.

“The Kremlin could fully fund its military-industrial complex by selling energy resources to Europe, and there are still several tens of billions left for additional weapons. Now, this money, that is on planes, missiles and tanks, are killing Ukrainians and destroying our country, “said the head of the Energy Ministry.

On the eve of the media published a draft of the sixth package of sanctions on the EU. It is planned to delay the full embargo on crude oil for six months, and on petroleum products for eight, according to preliminary documents.

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Source: korrespondent

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