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It will take time – Borrell on Russia’s oil decline

The EU should strive to reduce reliance on Russia’s energy carriers as soon as possible, believes the head of European diplomacy.

If sanctions are imposed on the supply of Russia’s energy carriers, oil will be the first to be considered. This was stated by the High Representative of the European Union for Foreign Affairs and Security Policy Josep Borrell, writes Interfax-Ukraine.

“Regarding sanctions, we will continue the discussion to see what else can be done, including oil and gas sanctions. No decisions have been made today. There has been discussion in general, it is important to make a distinction between oil. and gas.In 2021, the oil bill will be four times higher than the gas bill.We are talking about 80 billion euros and 20 billion euros – on the other hand.Therefore, it is important to start with oil – a big bill and easier to replace it, “he said in Luxembourg after a meeting of foreign ministers of EU member states.

Borrell added that the impact of gas and oil sanctions from Russia would be asymmetric for different EU countries.

“For some members who do not use Russian gas, it is easy to say that they are willing not to use it. For others who are highly dependent, it will not be easy. Everyone should know the great danger of such seriousness. Hope in those. energy source, ”he said.

According to the diplomat, the EU must fight to reduce hope as soon as possible. To do this, it is necessary to develop renewable resources, cooperate with other suppliers.

“It will take a while,” Borrell explained.

Canada has imposed sanctions against Russia’s defense industry

Meanwhile, Lithuanian Foreign Minister Gabrielius Landsbergis said EU countries were preparing a sixth package of sanctions against Russia, which includes an “oil option”.

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Source: korrespondent

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