France announced its intention to convince partners in the EU to impose an embargo on oil from Russia

He explained the need for an embargo by the ongoing events in the Donbass.

“It is necessary more than ever to stop the supply of oil from Russia.

This is what we are preparing.

The President of France clearly stated that we are trying to convince our European partners of this, ”RIA Novosti quotes the minister.

Russian Deputy Prime Minister Alexander Novak said earlier that energy prices could break historical records in the event of an embargo on Russian supplies.

He also expressed the opinion that Europe has nothing to replace Russian gas, either now or in the next five years.

Experts from the Library of the House of Commons of the British Parliament analyzed the level of energy prices over the past year and allowed a further increase in consumer bills in October 2022.