Russian Deputy prime minister assures EU restriction won’t i...| MENAFN.COM

Sunday, 29 January 2023 05:39 GMT

Russian Deputy prime minister assures EU restriction won’t impact oil demand


(MENAFN) Western nations’ restrictions on Russian oil is not going to impact oil export for this month or worldwide request for Russian oil, Russia’s Deputy Premier Alexander Novak stated on Friday.

In a news briefing in Samarkand, Uzbekistan, Novak mentioned that Russia is completing agreements for December distribution deals and contracts that were established in the last two months.

“We do not expect a change in oil shipments for December. Contracts are being fulfilled,” he reassured, also mentioning that doubts in the post-December time span indicate that contracts discussions for January are continuing.

Nonetheless, he stays positive that worldwide request for Russian oil is going to carry on.

Whereas the US, UK, Australia, in addition to Canada have ended shipping in Russian oil because of the Ukraine war, the EU has accepted to block all seaborne crude oil provisions from Russia starting on the 5th of December.

Officials from 27 EU member nations are also holding discussions to choose the price limit that is going to take impact on the 5th of December, on Russian imports.

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