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"Vu d'Ailleurs" N°86 - Russian oil is still flowing

2022-05-14T13:22:51.052Z

EXCLUSIVE LETTER FOR SUBSCRIBERS - The European press review, by Édouard de Mareschal. Dear subscribers, Bis repetita  : even before they are taken, the measures are already attacked for their supposed ineffectiveness. The debate raged when European sanctions were imposed on Russian gas. The question comes up today, as the Europeans try to agree on a boycott of Russian oil. Except that, this time, everyone agrees that Russia would suffer much more. As my colleague from Figaro Fabr



Dear subscribers,

Bis repetita

 : even before they are taken, the measures are already attacked for their supposed ineffectiveness.

The debate raged when European sanctions were imposed on Russian gas.

The question comes up today, as the Europeans try to agree on a boycott of Russian oil.

Except that, this time, everyone agrees that Russia would suffer much more.

As my colleague from

Figaro

Fabrice Nodé-Langlois explains, the sixth wave of European sanctions taken on Wednesday attacks “

the real engine of the Russian economy

”, its hydrocarbons.

Because if Russian oil represents only 26% of black gold purchases in Europe, more than half of Russia's oil revenues come from its European customers: 70 billion euros in 2021, four times more than gas .

But nothing is won.

First, these new sanctions will automatically raise the price of a barrel, thus cushioning the financial loss...

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Source: lefigaro

All news articles on 2022-05-14

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