Expert Frolov: US is not a key market for Russian suppliers

“I will make a reservation that it will be necessary to get acquainted with the document that has been prepared for the introduction of such sanctions.

And unfortunately, now we have to rely on Western media reports, which give a somewhat contradictory picture.

The picture is now emerging as follows: Biden banned the import of oil, reduced natural gas and coal.

LNG supplies from Russia to the US were extremely limited... In addition, the US is now a net exporter of LNG, and such a ban just looks pointless.

The ban on coal imports can be characterized in the same way.

The United States is a net exporter of coal and blocking the supply of this fuel to the United States from Russia is more than absurd.

Russian coal goes to Europe and Asia.

So this ban looks extremely menacing only on paper, ”the expert said.

He also noted that according to the results of last year, "Russia is the third largest supplier of oil and petroleum products to the United States."

“If we look at the supply of oil specifically, then Russia will already be in 5th or 6th place.

But in terms of the totality of oil and oil products, it is already in third place.

Moreover, oil products account for 70% of this total supply.

It was Russian oil products that allowed American refineries to cope with the difficulties that they had in 2019 after the introduction of a ban on oil imports from Venezuela,” Frolov added.

He recalled that the US "is not a key market for Russian suppliers."

In his opinion, prices in the gas and oil market will “grow sharply”

“All this leads to inadequate avalanche-like growth.

Moreover, the reaction of the market, which we will see now, will be of a speculative nature ... The speculative component begins to incredibly sharply influence price changes.

As a rule, in the direction of growth ... In fact, the Biden administration is saying: “We decided to aggravate the situation in our domestic market, aggravating the current energy crisis on a global scale,” the RT interlocutor concluded.

Earlier, Biden said that the United States is imposing a ban on the import of Russian oil and gas.