Russia's Novak: Oil Prices could More Than Double to Over $300 per Barrel

In a statement, Alexander Novak, Russia's Deputy Prime Minister, warned that the oil price could rise to $300 per barrel.

Russia's Novak: Oil Prices could More Than Double to Over $300 per Barrel

Novak stated that a rejection of Russian oil could have catastrophic consequences on the global market.

Additional comments

Europe is pushing us towards an embargo gas deliveries through ignored tree or one, but we have yet to make this decision.
An embargo on gas deliveries through Nordstrom One would not benefit anyone.
It would take over a year to replace Russian oil supplies to Europe.
Prices could rise to $300 per barrel if Russia imposes an embargo on its oil.
Are there any information-provocations against the Ukrainian transport system?
Russia knows exactly where oil would be diverted if the United States and Europe refuse.


 

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