“Russia’s reaction will be swift, thoughtful and sensitive for those it addresses.”

Russia on Wednesday said it was working on a broad response to sanctions that would be swift and felt in the West’s most sensitive areas.

“Russia’s reaction will be swift, thoughtful and sensitive for those it addresses,” Dmitry Birichevsky, the director of the foreign ministry’s department for economic cooperation, was quoted as saying by the RIA news agency.

Russia’s economy is facing the gravest crisis since the 1991 fall of the Soviet Union after the West imposed crippling sanctions on almost the entire Russian financial and corporate system following its invasion of Ukraine ordered by President Vladimir Putin.

U.S. President Joe Biden on Tuesday imposed an immediate ban on Russian oil and other energy imports in retaliation for the invasion.

Russia warned earlier this week that oil prices could rise to over $300 per barrel if the United States and European Union banned imports of crude from Russia.

According to Russia, Europe consumes about 500 million tonnes of oil a year.

Meanwhile, Russia supplies around 30 per cent of that, or 150 million tonnes, as well as 80 million tonnes of petrochemicals.

Russia said it was essential to ensure its security after the United States enlarged the NATO military alliance to Russia’s borders and supported pro-Western leaders in Kyiv.

(Reuters/NAN)

https://gazettengr.com/ukraine-war-our-sanctions-will-hurt-you-russia-warns-eu-u-s/


Lalasticlala

Na wa.This malady has a collateral effect beyond the borders of Europe.

Reverse psychology?
Hahaha.
If by mistake Russia stops supply,Russia might collapse with not more money coming in, my guess is in some months.

There would be some adjustments in Europe, its gone through much, much worse, the oil embargoes in the 70’s, the murderous hordes of the Soviets in 1945, the opressive Soviet Regime for 70 years,….so what?
Can Russia stop its most important income?
I guess, other country would diversify. Russia is not the only source, only the cheapest and easiest one.

He should not really care

When did he start loving them?

Take the sanction as a world power

sapientia:
He should not really care

When did he start loving them?

Take the sanction as a world power

Dont mind him. Russian economy is not as big as that of Italy. Even Brazil economy has a bigger economy.

thorpido:
Na wa.This malady has a collateral effect beyond the borders of Europe.

It is Europe that I pity!
All the attempt to boycott is not feasible
The ones that is feasible is very costly and not all Eu member states is liquid enough to sustain it

.

...

many dont understand that without Russian oil, and prices rising to above 200$ a barrel, many European countries will collapse.

who will even pay for gas if it goes to triple today's cost?!?!

Tinubu has Indirectly killed more people than Putin

He foisted a disaster upon 200 million Nigerians

Comradewhy:
Reverse psychology?
Hahaha.
If by mistake Russia stops supply,Russia might collapse with not more money coming in, my guess is in some months.

There would be some adjustments in Europe, its gone through much, much worse, the oil embargoes in the 70’s, the murderous hordes of the Soviets in 1945, the opressive Soviet Regime for 70 years,….so what?
Can Russia stop its most important income?
I guess, other country would diversify. Russia is not the only source, only the cheapest and easiest one.

Don't mind them ..Russia will soon experience separatist movements

Which sanction? Putin has been ripped apart.

Dude only prepared for bombs and guns.

He forgot to learn about economic warfare.

Russia will be the next NorthKorea.

EU will start working out on how to reduce their dependency on Russian gas in years to come