The Kremlin warned on Wednesday that the European Union's sanctions on Russian oil would hit the global energy market, but said Moscow could re-route exports to limit its own losses, reports Reuters.
EU leaders this week agreed an embargo on Russian crude oil imports that aims to halt 90% of Russia's oil sales into the 27-member bloc by year-end.
"These sanctions will have a negative impact on the entire continent - for Europeans, for us, and for the entire global energy market," Kremlin spokesperson Dmitry Peskov told reporters.
Kremlin ‘can re-route oil exports’ amid EU ban
FE Team | Published: June 02, 2022 00:15:03
Kremlin ‘can re-route oil exports’ amid EU ban
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