08-Mar-2022

Moscow: Russia threatens the whole world. Russia has said the consequences will be dire as Western countries impose financial sanctions one after another on Russia. Even with the cut in Russia, the price of crude oil in the international market could reach $ 300 per barrel. "The whole world will be affected by this," said Russian Deputy Prime Minister Alexander Novak. Russia will then do the same, forcing Western countries to buy crude oil for $ 300 a barrel. The gas pipeline between Russia and Germany will be closed. "If there is any action taken against Russia, there will be a shortage of gas and oil in European countries," he said. On Monday, crude oil prices hit $ 130 a barrel. This is the highest since 2006. Russia's deputy Prime Minister, Alexander Novak, today began to mourn the move, saying "if any Western country refuses to buy Russian oil, it will have to face dire consequences." Such a move by the West would hit the world with oil prices. "Even crude oil prices will reach $ 300 per barrel," he said. But no country wants to buy it out of fear. Many nations think Western countries will call them Moscow supporters if they buy oil from Russia. If Western countries impose sanctions on Russia's oil supply chains, Moscow will suffer huge financial losses. European countries import most of their oil from Russia. Russia is the world's second-largest oil producer. Russia produces about 11 million barrels of oil per day. Half of it is exported. European countries import 2.5 to 3 million barrels of oil per day from Russia. In addition to oil, Russia supplies about 90% of its gas to European countries. So Western countries want to weaken Russia financially by banning energy supplies.