Peskov warned about the lack of freedom of Europe from the negative effect of its sanctions Russia

will reorient its supplies to alternative directions, which will minimize the consequences of the oil embargo. But the ban will affect the entire European continent,

Europe is “not free” from the negative effect of its sanctions against RUSSIA, it will have to “survive it all,” Russian Presidential Press Secretary Dmitry Peskov told reporters.

“These sanctions , of course, will have a negative impact on the entire continent – ​​both for the Europeans, and for us, and for the entire global energy market,” said a Kremlin spokesman (quoted by Interfax).

The European Union agreed to a partial embargo on oil from Russia. What does it mean Business

According to Peskov, Russia is working on reorienting the supply of released oil volumes to alternative directions. “These are targeted, systematic actions that will minimize these negative consequences,” he added.

On May 30, after a month and a half of discussions, the EU agreed on a partial ban on Russian oil. The embargo excludes shipments via pipelines. In particular, through the southern part of the Druzhba oil pipeline, raw materials will continue to flow to Europe, but these volumes will amount to only 10% of all oil purchased by the EU.

The ban was opposed by Hungary, which argued that a full embargo would harm its energy security. Prime Minister Viktor Orban pointed out that the restructuring of the country's energy sector "will take years" in the event of a ban on pipeline supplies. After the EU countries agreed on an oil embargo, Orban said that Hungary was “exempted” from it.

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The Wall Street Journal later wrote that as part of the sanctions, insurance of tankers carrying raw materials would also be banned. This should cut off Russia from the Asian market, since most of the world's insurers are European companies, the newspaper explained. The Financial Times reported that the ban was coordinated by the EU with the UK, as a result of which Russia will have to turn to insurers "in smaller and less developed markets."

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