Finance Minister of Ukraine Serhiy Marchenko said a possible European embargo on Russian energy would significantly increase fuel prices. As an alternative, he advocated tariffs on oil and natural gas imports.
In an interview with the Wall Street Journal, Marchenko said an embargo would drive prices so high that Russia could still earn significant revenue from sales elsewhere. “A total embargo only gives Russia extra money because I believe oil and gas prices will rise to tremendous levels,” he said.
+ Turkey decides to close airspace for Russian planes
His comments follow concerns raised by US Treasury Secretary Janet Yellen earlier this week.
The European Union and the US are discussing how to reduce the profits Russia makes from oil and gas sales to Europe.
+ Expert reveals the secret of stock market billionaires. Register now and learn!
Ukraine’s finance minister went on to say that the money raised by a possible tariff on Russia could be used to support Ukraine in the war.
In addition to enacting tariffs on oil and gas imports, European and US officials have been discussing the possibility of putting payments for Russian energy into some sort of escrow account.
learn more
+ New Montana: 3rd generation Chevrolet pickup arrives in 2023
+ Omicron: Unexpected infection symptom in children worries medical teams
+ Sellers of the Mercadão de SP threaten customers with fruit fraud
+ Video: Mom is attacked on social media for wearing tight clothes to take her son to school
+ Horoscope: Check today’s prediction for your zodiac sign
+ What is known about Fluorone?
+ The trick of squeezing lemons is going viral on social media
+ ‘Monster Ichthyosaur’ is discovered in Colombia
+ One twin became vegan, the other ate meat. Check the result
+ See which cars were most stolen in SP in 2021
+ Expedition identifies giant squid responsible for 2011 shipwreck
+ US authorities warn: never wash raw chicken