Kremlin: Europe will pay dearly if Russian oil is banned

The Kremlin said Wednesday that Europe would pay a heavy price if Russian oil was banned, pointing out that Western sanctions were “a double-edged sword”.

Kremlin spokesman Dmitry Peskov told reporters that the Kremlin is watching the EU debate on the imposition of the sixth sanctions package on Russia and that a number of options are being calculated to respond to it, noting that the cost of sanctions against Moscow will be paid every day by the peoples of Europe.

“In general, when we talk about sanctions, they are a double-edged sword that seeks to harm us and they also have to pay a heavy price,” Peskov added.

And European Commission President Ursula Vo der Leyen announced today that the European Union will step up its pressure on Moscow by imposing a gradual embargo on oil imports and new sanctions, “so that (Vladimir Putin) pays a heavy price” for its war Ukraine.

“In this way we send a strong signal to all who are waging the Kremlin war in Ukraine: we know who you are and you will be held accountable for your actions “, said Der Leyen, presenting the outlines of the sixth batch of sanctions to the MEPs meeting in Strasbourg.

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