Correspondent in Moscow
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Touched but not sunk.
“The embargo will not bring Russia to its knees.
It will be disturbing, but not fatal,
summarizes Arnaud Dubien, director of the Franco-Russian Observatory in Moscow
.
Certainly, it will be far from painless because the volumes of oil purchased by Europe are significant.
But its effects will undoubtedly be caught up in three or four months, the time that new logistical and financial circuits are put in place
, analyzes this good connoisseur of energy issues.
Since the launch by Vladimir Putin of the "special military operation" in Ukraine on February 24, sales of Russian hydrocarbons to India, Turkey and China have exploded without, however, making up for the drop in flows to the Old continent.
A goal that could be reached in the first quarter of 2023, argue experts interviewed in Moscow.
They estimate the fall in Russian oil production between 3% and 5% after the entry into force of the embargo and the cap…
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