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'Alternative transportation': Russian video taunts West over oil price cap

2022-12-07T15:52:55.277Z


'Alternative transportation': Russian video taunts West over oil price cap Created: 07/12/2022, 16:37 By: Lisa Mayerhofer Pro-Russian accounts are showing a bizarre video spot mocking the West in the face of the energy crisis. © Screenshot/Twitter The West wants to increase the pressure on the Kremlin with an oil price cap. A bizarre video is now circulating in Russia in which activists make f


'Alternative transportation': Russian video taunts West over oil price cap

Created: 07/12/2022, 16:37

By: Lisa Mayerhofer

Pro-Russian accounts are showing a bizarre video spot mocking the West in the face of the energy crisis.

© Screenshot/Twitter

The West wants to increase the pressure on the Kremlin with an oil price cap.

A bizarre video is now circulating in Russia in which activists make fun of the West.

Munich - The oil price cap is a great hope of the West to slow down Russia after the invasion of Ukraine.

A regulation has been in force since Monday (December 5) that is intended to force Russia to sell oil to buyers in other countries for a maximum of 60 dollars per barrel (159 liters).

The price of around 57 euros will then be up to 9 euros below the most recent market price for Russian crude oil (as of December 5).

In addition, since then crude oil from Russia can only be imported into the EU in exceptional cases.

Oil price cap: Kremlin announces countermeasures

The aim is to squeeze Russian oil revenues and thereby limit Russia's warfare capabilities.

However, Russia should certainly continue to market oil to third countries - otherwise the valuable resource would become even scarcer on the world market - but at a low price dictated by the West.

As expected, the Kremlin resolutely rejects the sanctions.

"We will not recognize any upper limits," Kremlin spokesman Dmitry Peskov said on Monday, according to the Interfax news agency.

Moscow is preparing countermeasures.

Russian propaganda video: Europe with excessive fuel prices

Russian accounts have already positioned themselves on social media.

A video resembling a commercial, with English and Russian subtitles, circulated on Twitter and YouTube.

It shows a man getting into a Mini Cooper that is being pulled by a horse because fuel prices have gotten so high in Europe.

The malicious recommendation in the video: "Dear Europeans, switch to alternative means of transport, petrol will soon be too expensive."

Although this is obviously pro-Russian propaganda, it remains unclear who exactly made the video.

Fuel prices in Germany are falling – but more slowly than before

Fuel prices in Germany are currently falling - more slowly than in the past few weeks, but they are giving way.

This could change now, critics warn because of the waiver of Russian pipeline oil.

also read

Oil price cap against Russia: Putin launches a counterattack - and is considering radical measures

When the 300 euros of the energy flat rate really end up in pensioners' accounts

However, ADAC fuel market expert Christian Laberer does not expect the oil price cap to have any serious impact on fuel prices.

"Ultimately, it depends on whether the cap will depress oil prices or, on the contrary, cause them to rise," he says.

In both cases, however, other factors such as the development of the global economy or the embargo on Russian oil would probably have a stronger impact on the oil price.

“The development of the oil price should also be reflected at the pumps.

Most recently, fuel prices have reacted to the price of oil again.

In principle, however, they are still too high – especially for diesel.”

With material from the dpa

Source: merkur

All news articles on 2022-12-07

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