Russia warns EU of soaring energy prices
The Ukrainian president's economic adviser also played down the risks of the hryvnia devaluating further, despite the Russian invasion of the country.
By REUTERS
Published: MARCH 12, 2022
The European Union faces soaring energy prices in the wake of sanctions imposed against Moscow over events in Ukraine, Interfax quoted a Russian foreign ministry official as saying on Saturday. Nikolai Kobrinets said Russia was a reliable supplier of energy, but was ready for a tough confrontation in the sector if necessary. He did not provide details of what that confrontation might entail. He said the situation on global energy markets would lead to the EU paying at least three times more for oil, gas and electricity.
"I believe the European Union would not benefit from this - we have more durable supplies and stronger nerves," Kobrinets told Interfax. Italy seizes Russian oligarch Melnichenko's Sailing Yacht A Italian police have seized a superyacht from Russian billionaire Andrey Igorevich Melnichenko, the prime minister's office said on Saturday, a few days after the businessman was placed on an EU sanctions list following Russia's invasion of Ukraine.
more............. https://www.jpost.com/international/article-701065
The Ukrainian president's economic adviser also played down the risks of the hryvnia devaluating further, despite the Russian invasion of the country.
By REUTERS
Published: MARCH 12, 2022
The European Union faces soaring energy prices in the wake of sanctions imposed against Moscow over events in Ukraine, Interfax quoted a Russian foreign ministry official as saying on Saturday. Nikolai Kobrinets said Russia was a reliable supplier of energy, but was ready for a tough confrontation in the sector if necessary. He did not provide details of what that confrontation might entail. He said the situation on global energy markets would lead to the EU paying at least three times more for oil, gas and electricity.
"I believe the European Union would not benefit from this - we have more durable supplies and stronger nerves," Kobrinets told Interfax. Italy seizes Russian oligarch Melnichenko's Sailing Yacht A Italian police have seized a superyacht from Russian billionaire Andrey Igorevich Melnichenko, the prime minister's office said on Saturday, a few days after the businessman was placed on an EU sanctions list following Russia's invasion of Ukraine.
more............. https://www.jpost.com/international/article-701065
