According to reports, in the face of the US and EU’s sanctions in Russia, the person in charge of Russia and the person in charge of the national energy affairs said in the TV speech: If the EU chooses to sanction Russia oil will bring catastrophic consequences to the global market, Crude oil prices will double more and reach 300 US dollars per barrel. He pointed out that if the EU finds a replacement of Russian oil, Russia will consider cutting off Nakax No. 1 natural gas pipeline, which is currently working with maximum capacity.
According to reports, Ukraine has begun to take oil and natural gas ban. The United States has been studying the possibility of more sanctions against Russia together, including the Russian oil, but Germany and the Netherlands reject the plan on Monday. Reuters quoted a not revealed named newspaper that the United States may be willing to continue to implement restrictions on Russian oil gas without allies, but the US imported crude oil from Russia only 3%. The EU imports from Russia imports about 40% of natural gas and 30% oil. If the supply is interrupted, there is no way to find alternatives in the European Union; Russia is the world’s largest natural gas producer and the second largest crude oil producer, any sanctions. The industry’s move will seriously damage its own economy.
On Monday, German Prime Minister Olaf Schrtz refutes the United States to expand the idea of Russian ban, indicating that Europe will exempt from sanctions against Russian energy, because the EU does not have any other way to ensure energy supply.
In addition to crude oil and gas, Russia also provides approximately 10% nickel to the world, mainly for production of stainless steel and electric vehicle batteries. On Tuesday, the Nickel prices of the London Metal Exchange have doubled, and the first breakthrough of 100,000 US dollars per ton.
Post time: Mar-09-2022