During a seemingly live video conference on the situation in the Russian oil industry, Russian President Vladimir Putin issued a series of warnings to Europe.
He equated sanctions against Russian oil with committing “Economic suicide” and called the United States Europe’s “overlords”.
Putin suggested that Western sanctions against Russian oil caused some problems, but downplayed the economic effects of the strong Western sanctions against Russia.
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Far out to the West
The meeting was about how the Russian government can remedy the Russian oil sector, but the strongest warnings were not aimed at Russia – they were aimed at Europe.
The Russian president said that if the EU advocates banning Russian oil, Europe will become a region with “persistently high” energy prices. It will only continue to contribute to the record inflation many European countries are now experiencing, Putin pointed out.
Nuclear weapons: – Russia’s life insurance
Then came the blow of mercy – against both Europe and the United States.
“Today we are witnessing, for political reasons and because of their own ambitions and pressure from their American overlords, that European countries are introducing more and more sanctions against the oil and gas markets,” Putin said.
Then he added:
– If the Russian energy resources go out of Europe and to other regions in the world, the opportunities for increased economic activity will also disappear with them. Such economic suicide is, of course, an internal affair in European countries, Putin said.
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Ukraine: – Very dissatisfied
The EU leadership wants to impose sanctions on Russian oil, and there should be a broad majority for the proposal. Hungary, on the other hand, has opposed the ban.
Hungarian Prime Minister Viktor Orban is demanding an exemption from the embargo for at least four years and is demanding 800 million euros from the EU to upgrade a refinery and a pipeline to Croatia.
For all intents and purposes, the EU wants to avoid appearing divided on the issue of the Russian invasion of Ukraine, and behind the scenes efforts are being made to reach a compromise with Hungary after the proposal for an oil embargo was presented on 4 May.
Gloomy prophecy: – May be bloody
– The whole union is being held hostage by one member state that can not contribute to agreement, says Lithuanian Foreign Minister Gabrielius Landsbergis, according to NTB.
Ukraine has long called on the EU to ban Russian oil. Foreign Minister Dmytro Kuleba repeated the call no later than yesterday.
– We are very dissatisfied with the fact that the oil embargo is not in place, Kuleba said after a meeting with EU foreign ministers.
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