Russian State Duma speaker says West has exhausted its tools to influence Moscow’s development
Russian State Duma Speaker Vyacheslav Volodin said the United States and the European Union had exhausted their means to influence Russia’s development. He said the European Union oil embargo will cause EU member countries to pay more than 250 billion euros a year due to “record energy prices”. Volodin claimed that Western leaders have been forced to choose between a “bad and very bad scenario” for their economies and their citizens with the imposition of new sanctions against Russia. His remarks came after the EU Council adopted the sixth sanctions package against Russia in retaliation for its military offensive in Ukraine.
“With new sanctions, Western politicians are forced to choose between a bad and a very bad scenario for their economies and their citizens,” Vyacheslav Volodin said in a message on Telegram.
Volodin said experts have noted that Russia will lose around $22 billion (₹1,709,792,238,000) per year due to the ban on oil exports to Europe. Volodin said Russia would shift its oil market to Asia and be able to fully offset the cost. He added: “The Russian economy will be in the black.” He said the United States was working to ensure that the sanctions imposed on Russia fell “primarily” on European nations. He accused the United States of “deliberately” affecting the economy of EU countries to make their economy dependent on Washington. Earlier on June 1, Kremlin spokesman Dmitry Peskov said the European Union‘s partial embargo on Russian oil will have a “negative impact” on Europeans, Russia and the whole market. global, CASS reported. Peskov pointed out that the European market is quite important for Russia in terms of supply, including sales volumes. He said they would “redirect” reserve oil volumes to other locations.
“Due to the rising energy prices caused by the sanctions and the reorientation of Russian oil markets towards Asia, the costs can be fully offset. And perhaps our economy will be in the black,” said Vyacheslav Volodin on Telegram.
EU Council adopts sixth package of sanctions against Russia
The European Council adopted on Friday June 3 the sixth package of economic sanctions targeting both Russia and its ally Belarus. In its sixth round of sanctions, the EU banned the purchase, import or transfer of crude oil and refined petroleum products from Russia to the EU. In addition, a SWIFT ban was announced for three other Russian banks and one Belarusian bank. In addition, the Council of the EU announced the suspension of three other Russian public channels – Rossiya RTR / RTR Planeta, Rossiya 24 / Russia 24 and TV Center International – in the EU. In addition, the EU imposed sanctions against 18 entities and 65 individuals, including individuals responsible for the atrocities committed in Bucha and Mariupol.
The EU adopted new sanctions in response to the Russian invasion of Ukraine. These include:
🚫 a ban on oil imports from Russia, with limited exceptions
🚫 #SwiftBan on 4 additional banks
🚫 suspension of broadcasting in the EU for 3 other public channels
— EU Council (@EUCouncil) June 3, 2022
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