Photo: © Izvestia/Sergey Konkov
On October 6, the European Commission approved the eighth package of anti-Russian sanctions. As conceived by the EU, it should limit the price of Russian oil when it is delivered to third countries. In conversation with REN TV Professor, Russian State University of Oil and Gas named after THEM. Gubkin Valery Bessel called the introduction of the price ceiling “speculative and irresponsible” decision. How the mechanism for supplying oil to third countries can change – read in our material.
Biggest blow to Europe
Member of the Committee on Energy Policy and Development of the Fuel and Energy Complex of the Russian Chamber of Commerce and Industry Rustam Tankaev told REN TVthat oil and oil products are the main energy source for Europe.
“Oil and oil products occupy 36% of Europe’s energy balance. For comparison, the next largest energy carrier, gas, occupies only 23%. In fact, the blow to oil supplies is the hardest blow to Europe. With the restriction of oil and oil products supplies, European industry She’s already dying, but now she’s going to die really fast.” the expert said.
Why the US and the EU act contrary to their own interests is a very difficult question, he said. According to Tankaev, the root of everything is misunderstood political goals and interests.
What will the EU restrictions lead to?
The expert told how the mechanism of oil supply to third countries could change. He pointed out that the first steps that were taken in the market of oil and oil products immediately led to the emergence of smuggling.
“I think that it will be the same now, but at first consumption will drop very sharply. And this was all calculated by OPEC analysts: as a result, oil production by OPEC + countries was reduced by 2 million barrels per day. This is a preemptive strike, the need to respond to those events that are about to happen. It was done correctly and in a timely manner”, Tankaev says.
He said that in Europe the import of oil and oil products is 10 million barrels per day. Russia occupies about half of this volume and is the main supplier of oil and oil products in the world. Tankaev stressed that the introduction of restrictions on the cost of Russian oil is very sad for Europe.
“And for the United States, this is certainly a holiday – their main competitor, European industry, is leaving the market. And the Americans will be able to raise prices for their goods. In some positions, they will generally be monopolists,” – said the expert.
irresponsible decision
In conversation with REN TV Professor, Russian State University of Oil and Gas named after THEM. Gubkin Valery Bessel called the EU decision “speculative and irresponsible.” According to him, the introduction of a ceiling on Russian oil will lead to huge losses for Europe.
“Quite recently, President Vladimir Putin explained that we will sell oil as long as it is profitable for us. If it is not profitable, then let Europe take oil where it wants. , – No”, – he said.
Bessel said that the European Union has been building economic relations with Moscow for decades. He added that Europe “always didn’t give a damn about Russia”, but Western countries managed to build a long-term logistics of resources from the Russian Federation, which allowed them to become economic leaders.
“Limiting the price of Russian oil is an absolutely politically irresponsible decision. There is no free oil in the world. Russia has now taken second place in terms of oil supplies to China. We can send oil to the east by rail or by tanker fleet. , and Russian”, says the professor.
Bessel believes that over time, Europeans will understand into what “deep pit of miserable existence” they will be driven by Western politicians. The expert is convinced that sooner or later Europe will come to their senses and start trading with Russia again.
What is the essence of the new EU restrictions
On October 6, the European Commission adopted the eighth package of anti-Russian sanctions. He includes includes limiting the cost of Russian oil when it is delivered to third countries. The sanctions provide for a ban on the transportation of oil from Russia at a price above the established ceiling by sea from December, and oil products from February.
The head of the State Duma Energy Committee, Pavel Zavalny, noted that the introduction of a ceiling on oil prices could lead to a decrease in supplies from Russia. At the same time, prices and volumes of sales revenue will increase significantly, he added.
“This will not lead to anything good, it will only lead to another increase in prices. If it is unprofitable for us, and the market shows different prices, we simply will not deliver at these prices,” he said TASS.
According to Zavalny, with smaller volumes of oil supplies, the economic effect for Russia will remain the same.
“That is, we will supply less, and we will receive more revenue, and what is the goal?” the expert asks.
“The limits of oil prices are not yet clear”
Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Haytham al-Ghais declaredthat the price ceiling for Russian oil is still unclear.
“The contours of the sanctions associated with the establishment of a price ceiling for Russian oil are not yet clear,” he said, adding that OPEC “does not take sides and is not a political organization.”
According to Deputy Prime Minister of the Russian Federation Alexander Novak, Moscow has not yet taken retaliatory measures – it is necessary to study the full version of the European Commission document regulating the next sanctions package.
Source: Ren.tv
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