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BREAKING
Al-Quds Governorate: Today, the spatial division of Al-Aqsa Mosque began in a public and dangerous manner, and we warn of a religious war in the region
The Ministry of Health in Gaza: This brings the total number of victims of famine and malnutrition to 175, including 93 children
The Ministry of Health in Gaza: Gaza's hospitals recorded six deaths due to starvation and malnutrition in the past 24 hours, all of them adults
Informed sources to Al Mayadeen: A new chapter in relations between Iran and the International Atomic Energy Agency will begin within the framework of the new law passed by Parliament
Informed sources to Al Mayadeen: The talks will focus on the political aspect, and the agency's delegation will not be accompanied by any inspector
Informed sources to Al Mayadeen: An IAEA delegation will visit Tehran next week to discuss mechanisms for implementing the parliament's law suspending cooperation with the agency
Palestinian media: Herds of Israeli settlers storm the al-Aqsa Mosque and perform Talmudic rituals in it
Al Mayadeen's correspondent in Gaza: 15 martyrs were transferred to hospitals in the Gaza Strip in the past few hours as the Israeli occupation continues its aggression on the camps of the displaced
Al Mayadeen's correspondent in Gaza: 38 were killed since dawn on Saturday, as the Israeli occupation army targeted aid seekers at distribution sites
Palestinian Red Crescent: One martyr, several injuries among our teams after the occupation bombed the association's headquarters in al-Amal neighborhood, west of Khan Younis.

Kremlin: Oil embargo would hit global market hard

  • By Al Mayadeen Net
  • Source: Agencies
  • 5 Mar 2022 14:58
3 Min Read

The Kremlin said on Saturday that the West should change its "overemotional stance" on Russia, stressing it would counter "these economic bandits."

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  • Kremlin: Oil embargo will hit global market
    Kremlin: The oil embargo will hit the global market hard

The Kremlin said on Saturday that Russia has always been and remains a country looking for mutually beneficial interaction with foreign businesses.

"We hope that sooner or later our position will be conceived by those countries - the European countries, NATO countries - which now take such an overemotional stance and refuse to understand so many obvious things," Kremlin Spokesperson Dmitry Peskov told journalist, addressing the question about the Kremlin's views on Russia's isolation amid sanctions.

Moscow hopes the West will change its "overemotional stance" on Russia, which includes the refusal to "understand obvious things," Peskov said.

Moreover, some sectors of Russian markets will wait for these companies, while in other fields they will be replaced by businesses from other countries, Peskov noted, when asked whether Russia will make any conclusions about the bygone foreign enterprises regarding their possible return in time.

“This is a normal economic process," Peskov added.

Extraordinary economic situation requires extraordinary measures

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The Russian economy is in an extraordinary situation, which requires extraordinary measures and daily consultations with President Vladimir Putin, Peskov said.

Russian daily Kommersant claimed on Friday that Russian authorities are considering decriminalizing the use of unlicensed software if it comes from the nations that imposed sanctions, citing a source and a document on urgent steps to boost the Russian economy under sanctions.

"The situation is extraordinary, and it requires extraordinary measures — non-standard, extraordinary, and brave, the measures that will best support our interests," Peskov said.

The plans are updated on a regular basis, and a government team is working on them, according to the Kremlin Spokesperson. "Of course, there are regular daily consultations with the president as well," Peskov added.

The plans will include a handful of measures, he said.

"Russia will counter these economic bandits in one way or another, choosing the measures that will best support our interests," Peskov said.

A potential embargo on Russian oil could hit global energy markets 

A potential embargo on Russian oil will have serious consequences and may heavily unbalance the global energy markets, Peskov stressed.

He added, "We carefully monitor this topic. Of course, this is a situation that could seriously unbalance the global energy markets. Quite serious consequences would be unavoidable."

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