Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Occupied Palestine: A fire broke out in the courtyard of Al-Awda Hospital in the Tal al-Zaatar neighborhood in northern Gaza after IOF fired directly at diesel tanks.
Israeli ambulance: A settler was injured while running to shelter after a rocket was fired from Yemen, and the sirens were activated.
Occupied Palestine: The IOF besieges Al-Awda Hospital in Tal al-Zaatar, north of Gaza, with 160 people inside, including medical personnel and wounded.
Occupied Palestine: IOF: A missile was detected and launched from Yemen, and air defense systems were activated.
Lebanese Health Ministry: One martyr, one wounded in IOF strike on Yater, South Lebanon.
Palestinian sources: Arab-European committee including 30 ambassadors, consuls came under fire by occupation forces in Jenin Refugee Camp, northern West Bank.
Pope Leo XIV: I renew my heartfelt appeal to allow the entry of sufficient humanitarian aid [into Gaza] and to put an end to the hostilities
Palestinian Resistance factions: Occupation expanding its genocidal war through what it calls "Gideon's Chariots" will end in failure just like its former plans.
Palestinian Resistance factions: We warn our people from occupation's plans that aim to push it to move to southern Gaza as a prelude to displacing them from the Gaza Strip.
Iraqi oil minister: Such agreements must be signed by the federal government.

Ukraine Finance Minister questions impact of anti-Russia sanctions

  • By Al Mayadeen English
  • Source: Agencies
  • 1 Jun 2022 16:15
2 Min Read

Moscow takes measures to minimize the effects of the EU's partial oil embargo.

  • x
  • Ukrainian Finance Minister Sergii Marchenko
    Ukrainian Finance Minister Sergii Marchenko

Kremlin spokesperson Dmitry Peskov says Russia is taking measures to minimize the effects of the partial oil embargo imposed by EU countries on Russia.

"Sanctions will have a negative effect for Europe, us and the whole global energy market," Peskov told reporters, adding that "reorientation" was currently underway to find alternatives for the oil that it will no longer sell to Europe.

"These are purposeful, systematic actions that will allow us to minimize the negative consequences," he said.

Hungarian Prime Minister, Viktor Orban, said Tuesday that Europe is "dancing" on the brink of a global economic crisis because of sanctions against Russia.

Read more: Some EU countries would face major energy crisis: Brussels

 

Related News

Macron warns Europe of consequences next winter if it imposes embargo

"We have enough problems, energy prices are sky-high, inflation is soaring and Europe is dancing on the brink of a global economic crisis because of sanctions," Orban told the M1 broadcaster.

Managing the economy in such a crisis with higher oil prices "would have been tantamount to an atomic bomb," Orban said, adding that the scenario has been prevented. 

EU leaders reached an agreement at a Brussels summit to put an embargo on Russian oil as part of the sixth package of sanctions on Russia. In the meantime, pipeline deliveries will continue normally. 

Orban praised the European Union's plan to exclude Russia's pipeline oil supply from the sixth round of sanctions.

Ukraine's Finance Minister: Sanctions against Russia have little impact

Sergii Marchenko, Ukraine's Finance Minister, said on Wednesday that the West's sanctions against Russia have had a limited impact on its economy.

"The objective reality is that anti-Russian sanctions have too mild of an impact on the Russian economy and budget — just look how quickly the ruble has recovered. Therefore, I do not believe that anti-Russian sanctions will take effect in six months or even later," Marchenko told Ukrainian business news website mind.ua, adding that this will not change anytime soon unless tougher sanctions are applied.

Marchenko also called it unfair that Ukraine was losing $321 million per day, while Russia was earning €1 billion at the same time. He also called on Western countries to impose sanctions on all Russian businesses.

  • Russia
  • Ukraine
  • Sergii Marchenko
  • Kremlin
  • Dmitry Peskov
  • Sanctions on Russia
  • Russian oil
  • Russian embargo
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

YAF say struck 'Israel's' Ben-Gurion Airport with missiles, drones

YAF say struck 'Israel's' Ben Gurion Airport with missiles, drones

  • MENA
  • 18 May 2025
Israeli media: Yemen may push 'Israel' towards ceasefire in Gaza

Israeli media: Yemen may push 'Israel' towards ceasefire in Gaza

  • MENA
  • 17 May 2025
Martyrs, injuries in violent Israeli bombardment of southern Gaza

Israeli operation fails; IOF launch violent strikes on Gaza

  • Politics
  • 19 May 2025
Rachel Accurso criticized for speaking out on Gaza children crisis

Ms. Rachel accused of antisemitism for speaking out for Gaza children

  • Politics
  • 20 May 2025

Coverage

All
Gaza prevails against genocide

Read Next

All
Gulf investments quietly boosted Elon Musk and family fortunes
US & Canada

Gulf investments quietly boosted Elon Musk and family fortunes

A 3D render of China's planned 'drone mothership' Credit: X/@XH_Lee23
US & Canada

China unveils drone mothership capable of swarm attacks

Relatives of Venezuelan migrants deported by the US to a Salvadoran prison protested outside the UN building in Caracas on April 9, 2025 (AP)
US & Canada

At least 50 migrants deported to El Salvador prison entered US legally

A city bus goes by the historic city of Santiago, Spain during a major power outage across Spain and Portugal on April, 28, 2025. (AP Photo/Mic Smith)
Europe

Spain hit by major phone network outage weeks after nation blackout

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS