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Russia has issued a stern warning to the West not to ban Russia oil Imports saying the consequences would be very huge on the international community. He added that, it may shoot oil price to $300 per barrel and threatened to stop gas supply to Germany.
Speaking on state Television Deputy Minister Alexander Novak mentioned that a ban on Russia oil would result into a catastrophic consequences for the international market
“The surge in prices would be unpredictable,” he said. “It would be $300 per barrel if not more.”
Recall that Washington and its Allies are considering placing a ban on Russia oil import to further sanction Russia over its continuous invasion of neighbour Ukraine.
The White House said US President Joe Biden, who is facing growing calls from US lawmakers to cut off Russia from the money it gets from oil and natural gas exports, discussed the issue during a conference call with his counterparts in France, Germany and the United Kingdom on Monday.
Germany is one of the beneficiaries of Russia oil but has been against the continuous invasion of Russia by Ukraine whilst damning the consequences of its actions.
Meanwhile, peace talks still continue between Ukraine and Russia with Turkey offering to be the next host.