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
Russian agency: Russia will conduct a nuclear test if the US does
Al-Nakhalah: We are the rightful owners, and we must fight to retrieve our rights
Al-Nakhalah: The enemy and its allies must know that we can never surrender to their terms and diktats after all the sacrifices made
Al-Nakhalah: The prisoner exchange clause can be completed in the next few days, and thus we will have pulled the [explosion] fuse and removed the enemy's justifications for aggression
Al-Nakhalah: The Resistance has expressed its willingness to negotiate on the basis that there are items that can be dealt with positively, the first of which is the prisoner exchange item
Al-Nakhalah: Trump's plan entails the Palestinian people's declaration of complete surrender to the enemy
PIJ Secretary-General, Ziyad al-Nakhalah, in an address aired on Al Mayadeen: The Resistance is engaging in a fierce negotiating battle under the so-called Trump plan
Russian Federation Council approves joint military cooperation agreement with Cuba
Al-Nunu: Today, the lists of prisoners required to be released, the agreed-upon criteria and numbers, were exchanged
Al-Nunu from Sharm el-Sheikh: Negotiations focused on mechanisms for implementing an end to the war, the withdrawal of occupation forces from the Gaza Strip, and the exchange of prisoners

Ukraine Finance Minister questions impact of anti-Russia sanctions

  • By Al Mayadeen English
  • Source: Agencies
  • 1 Jun 2022 15:15
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

Tucker Carlson speaks at a memorial for Charlie Kirk, Sunday, September 21, 2025, at State Farm Stadium in Glendale, Arizona (AP)

Tucker Carlson: Israeli officers gave orders on Iran inside Pentagon

  • Politics
  • 2 Oct 2025
A Hamas fighter in combat fatigues stands before the ceremony for the handover of Israeli captives to the Red Cross in Nuseirat, central Gaza Strip, Saturday, February 22, 2025 (AP)

Hamas responds to Trump plan, backs Gaza withdrawal, exchange

  • Politics
  • 3 Oct 2025
Mossad’s secret role in Aldo Moro’s 1978 murder revealed

Mossad’s secret role in Aldo Moro’s 1978 murder exposed

  • Politics
  • 5 Oct 2025
Al-Quds Brigades strike a command and control center north of Khan Younis, southern Gaza Strip, in an undated screengrab from the al-Quds Brigades military media

Gaza resistance announces major operations against Israeli forces

  • Politics
  • 1 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Retired Israeli General Brik says Israel has reached point of no return.
Politics

Retired Israeli General Brik: 'Israel has reached point of no return'

Depleted by foreign wars, US seeks to re-arm for another confrontation
Politics

Depleted by foreign wars, US seeks to re-arm for another confrontation

Gaza’s newborns gasp for life as hospitals collapse amid Israeli war
Health

Gaza newborns gasp for life, share oxygen masks amid collapsed system

UK arms exports to 'Israel' reach record high despite ban calls
Politics

UK arms exports to 'Israel' reach record high despite ban calls

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