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The US and European sanctions against Russia have been further increased
.
On June 2, the US White House announced new sanctions
against Russia.
The U.
S.
Treasury Department has imposed further restrictions
on key Russian government and commercial officials, and the U.
S.
Department of Commerce on technology and other materials required by Russia.
On June 3, the European Commission announced the sixth round of sanctions against Russia, including a partial oil embargo, sanctions against Russian tankers, banks and media
.
The communiqué issued by the European Commission on the same day said that the sanctions measures will take effect immediately, and the EU will stop buying Russian seaborne crude oil within 6 months, which accounts for 2/3 of the EU's imports of Russian crude oil, and stop buying Russian petroleum products
within 8 months.
By the end of this year, the EU will import 90%
less oil from Russia.
About 30% of the EU's current oil imports come from Russia, of which about two-thirds arrive by sea and one-third by pipeline
.
Deputy Chairman of the Council of the Russian Federation (upper house of parliament) Kosachev previously said that the EU's decision to impose a partial embargo on Russian oil will deal a blow
to the economic competitiveness of EU countries and the well-being of local people.
Kosachev believes that with the partial embargo imposed by the European Union on Russian oil, Russian oil will inevitably face problems such as
readjusting the direction of exports and breaking the Western blockade.
On June 2, the 29th ministerial meeting of the OPEC+ cooperation mechanism decided to increase crude oil production by 648,000 bpd
in July and August this year.
Some analysts pointed out that Saudi Arabia and other countries decided to accelerate the increase in crude oil production, not only to make up for the shortage of crude oil supply due to sanctions on Russia, but also to alleviate the inflation caused by soaring energy prices around the
world.
