Bloomberg has calculated how much Russia will lose from the EU oil embargo
10:18, Tuesday, 31 May, 2022
The US media Bloomberg has calculated how much Russia will lose due to a partial oil embargo from the European Union.
Putin could lose about $ 10 billion a year in oil exports because Russia will be forced to sell its oil at a discount to Asia, where it is already going from hand to hand for about $ 34 a barrel cheaper than futures prices. Brent oil. And if the EU supported the sanction banning the import of oil through the Druzhba pipeline, Russia would lose another $ 12 billion.
At the same time, Russia will continue to earn about $ 6 billion from exports to Hungary, Slovakia, and the Czech Republic through the southern branches of the Druzhba gas pipeline.