US Department of Energy: embargo on Russian oil imports to the EU will lead to market instability

“The US has said it will not accept Russian oil, like Canada and a number of other countries, and this is wonderful.

The EU is on the cusp of doing something similar.

If the EU cuts its supplies, if they say that they no longer need Russian oil, then it will be perhaps another 1.5 million barrels (of oil. -

) that will leave the market.

Thus, about 3 million barrels are leaving the market (in total), which will create additional instability.

We will see that prices are likely to rise, ”TASS quoted her as saying.

Granholm said that the US authorities are taking all possible measures to stabilize supply and demand in the energy market.

Earlier, German Economy Minister Robert Habek admitted that the introduction of an embargo on Russian oil by the EU could lead to higher prices.

Minister of Foreign Affairs and Foreign Economic Relations of Hungary Peter Szijjarto commented on the EU plans to impose an embargo on Russian oil supplies.