Deputy Prime Minister Novak predicted an increase in oil prices to $ 500

The West’s rejection of Russian oil will lead to a serious rise in oil prices, Alexander Novak said
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Sanctions against Russia in general and the Urals in particular

If the West abandons Russian oil, its price could rise to $ 300-500 per barrel. This statement was made by Deputy Prime Minister Alexander Novak during a speech in the State Duma.

“If there is a refusal of Russian oil, oil prices will be, conditionally, $ 300. Some even say $ 500, ”Novak told RIA Novosti.

Russia has previously launched a forced special operation to demilitarize and denationalize Ukraine. At the celebration of the eighth anniversary of the reunification of Russia and Crimea, Russian President Vladimir Putin reminded that the task of the military is to save “people in Donbass from suffering, from genocide.”

After the start of the special operation, the United States and the European Union imposed large-scale economic sanctions against Russia. EU High Representative for Foreign Affairs and Security Policy Josep Borrell said that the European Union was considering giving up Russian oil, according to the National News Service. US President Joe Biden said the country had restricted energy imports from Russia. According to Vladimir Putin, such measures, aimed at worsening the lives of millions of people, are an act of aggression, as well as one of the ways to wage economic war against the Russians.

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If the West abandons Russian oil, its price could rise to $ 300-500 per barrel. This statement was made by Deputy Prime Minister Alexander Novak during a speech in the State Duma. “If there is a refusal of Russian oil, oil prices will be, conditionally, $ 300. Some even say $ 500, ”Novak told RIA Novosti. Russia has previously launched a forced special operation to demilitarize and denationalize Ukraine. At the celebration of the eighth anniversary of the reunification of Russia and Crimea, Russian President Vladimir Putin reminded that the task of the military is to save “people in Donbass from suffering, from genocide.” After the start of the special operation, the United States and the European Union imposed large-scale economic sanctions against Russia. EU High Representative for Foreign Affairs and Security Policy Josep Borrell said that the European Union was considering giving up Russian oil, according to the National News Service. US President Joe Biden said the country had restricted energy imports from Russia. According to Vladimir Putin, such measures, aimed at worsening the lives of millions of people, are an act of aggression, as well as one of the ways to wage economic war against the Russians.

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