According to Volodin, Russia's losses from the ban on exports to the EU will be compensated due to rising energy prices and reorientation to Asian markets. At the same time, Europe will overpay more than €250 billion annually, he believes alt=”Volodin considered Russia's “arsenal of means of restraining development” exhausted” />
State Duma Speaker Vyacheslav Volodin said on his Telegram channel that Western politicians, when imposing sanctions against Russia, must choose “between a bad and a very bad scenario for economies and citizens.” of their countries.
According to Volodin, the new package of EU sanctions adopted the day before, as well as previous measures by the EU and the United States, indicate that “the arsenal of means to curb the development of our country has been exhausted.”
< p>Volodin wrote that, according to experts, Russia's losses from the ban on oil exports to Europe could amount to $22 billion per year (such an estimate was given, in particular, by Bloomberg). However, according to the speaker, these costs will be compensated due to rising energy prices and Russia's reorientation to Asian markets. “And perhaps even our economy will turn out to be“ in the black, ”mdash; he guessed.
According to Volodin, Europe will overpay more than “250 billion euros annually due to record high energy prices,” this does not include additional costs for the transition of enterprises to new brands of oil.
On June 3, the EU Council approved the sixth package of anti-Russian sanctions. It includes a ban on the purchase, import or transfer of crude oil and certain petroleum products from Russia to the countries of the union. The embargo concerns the import of oil going by sea, it does not affect the fuel that is supplied to the EU countries via the Druzhba pipeline. Poland and Germany, where oil was supplied through its northern part, decided to abandon any form of supplies, so by the end of the year it will only enter the EU through the southern part (to the Czech Republic, Slovakia and Hungary).
Read on RBC Pro Pro Eurodollar “defect”: how the commodity crisis will change the position of the world currency Amazon: you need to rethink business when everything is fine >The phasing out of Russian oil imports will be phased in and will take anywhere from six months for crude oil to eight months for other refined products. Brussels has provided temporary exemptions for countries that “because of their geographical location suffer from a special dependence on supplies from Russia”, as well as for Bulgaria and Croatia in relation to seaborne imports of Russian oil and vacuum gas oil, respectively.
In Last year, the EU countries brought crude oil by sea for about €32.7 billion, or 68% of all oil imports from Russia. For €21.2 billion more, Europe imported Russian oil products by sea.
The press secretary of the Russian president, Dmitry Peskov, said earlier that Moscow would compensate for the falling orders with the eastern direction. He said that the oil embargo would “hit everyone” and that the European market was not the only one, even though it was a premium one. President Vladimir Putin, in turn, said that as a result of “chaotic actions” from the EU countries, their economies are being damaged, while the revenue of the Russian oil and gas sector is growing. He called what was happening “an economic auto-da-fé, a suicide.” European countries.
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