“Duties on Russian oil? It means that you will pay more for it ”. Word of Moscow
Buyers will have to pay more for oil or seek alternative supplies if the EU decides to impose import duties on Russian oil, Kremlin spokesman Dmitry Peskov said Wednesday.
"Oil buyers will have to pay more or seek alternative sources," Peskov told reporters in Moscow, the Russian news agency TASS reported.
The idea of an EU tariff on oil imports from Russia comes from the United States, which is considering proposing to European countries to impose a tariff instead of an embargo to allay concerns about security of supply and security. oil price hikes, US Treasury officials told Reuters earlier this week. A tariff would not in itself block the import of Russian oil, but would make it less competitive than that of competing producers, such as the Arab countries.
The US proposal is expected to be suggested at the G7 financial summit in Brussels later this week, as the EU is still struggling to find a common position on a phased embargo on Russian oil imports by the end of the year.
G7 members pledged earlier this month to stop buying Russian oil, though they did not specify how and when this would happen. The United States has banned imports of Russian energy products, including oil, LNG, and coal since the beginning of March. Europe, on the other hand, cannot afford to completely stop oil purchases from Russia, fearing a shortage of supply and record prices of oil and other energies that could plunge most economies into a recession.
The EU could combine tariffs and embargoes, US Treasury Secretary Janet Yellen said Tuesday after discussing ways to reduce the EU's dependence on Russian energy with European Commission President Ursula von der Leyen.
"We are not trying to tell them what is in their best interest, but we have discussed some of the things that are under consideration," Secretary Yellen said, as reported by Reuters. Sure, they argued, they listened, and then Yellen ordered to put tariffs on oil. It doesn't make a wrinkle.
Thanks to our Telegram channel you can stay updated on the publication of new articles of Economic Scenarios.
The article “Duties on Russian oil? It means that you will pay more for it ”. Word of Moscow comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/dazi-sul-petrolio-russo-vuol-dire-che-lo-pagherete-di-piu-parola-di-mosca/ on Thu, 19 May 2022 06:00:34 +0000.