Germany warns EU to expect economic cost from Russian oil embargo

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Germany has itself reduced the import of Russian oil down to 12 % and supports an embargo, although problems are expected in East Germany. Gas is now down to 35%, and will be reduced even more. It has not 'warned' the EU. That's not how it works

Duh.

Note: its 'EU to expect economic cost', not US. US is benefitting economically, and is still importing crude oil from Russia. EU is stupid.

I tweeted on the 1st day I would be ready for some economic strain. You can't eat your cake and have it.

EU is burning itself to keep its master i.e. US warm. New hight of servitude.

Time for EU to act as in war time! 💂 Ashamed of most EU politicians. Cowards! Specially after all atrocities 🤮 Remember 1939! Stop pretending it's because Putin has rotten nukes. Until when/what? ☠️ EraseKremlin ☄️👹 Fight4Democracy 💨🇷🇺

An old British saying. 'Never keep your eggs in one basket'.

Two things people always end up pay for in life, stupidity and vanity. This fits both.

Russia is the second largest crude oil producer in the world, behind the U.S. and ahead of Saudi Arabia. Not to mention gas. Embargo is beyond impossible for Europe.

Embargo na gaz potrzebna bardziej.

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EU could ban Russian oil imports by end of year under new sanctionsThe European Union is preparing a sixth package of sanctions against Russia which is expected to target Russian oil, Russian and Belarusian banks, individuals and companies. Still no good they should be banned now And Asian, African countries will be rubbing their hands at all that cheap oil coming their way plus they won't have to pay for it with the dreaded dollar which is creating havoc with their currencies at this moment
Source: Daily Mail Online - 🏆 135. / 51 Read more »

EU could ban Russian oil imports by end of year under new sanctionsThe European Union is preparing a sixth package of sanctions against Russia which is expected to target Russian oil, Russian and Belarusian banks, individuals and companies. Putin is not well, he may be gone before long. By the end of the year , on the 21st of December... Are you taking the piss .... We want a total embargo Now , not the end of the friggen year
Source: Daily Mail Online - 🏆 135. / 51 Read more »

Germany backs phased ban on Russian oil\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT. Phased? Who says they will get any? This is spastic! You say 'phase out' and you expect Russians to deliver? EU countries will be able to fill their gas storage facilities for the winter season only if the industry is stopped for several months. So say the journalists of Der Spiegel. In total, Europe will have to save an amount of gas comparable to a third of Germany's 🇷🇺🇨🇳The export of Russian gas to China through the Power of Siberia gas pipeline has increased by almost 60% in January-April compared to the same period last year, Gazprom says.
Source: FT - 🏆 113. / 51 Read more »