Biden says US, Europe aware of negative consequences of sanctions - All News - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Biden says US, Europe aware of negative consequences of sanctions

WASHINGTON, Jun 23 (PRIME) -- The U.S. and Europe have been aware that imposition of sanctions against Russia over its policy toward Ukraine will result in negative consequences for the global energy market, including energy inflation, the U.S. President Joe Biden said in his speech to the nation late on Wednesday.

УRussia isЕ one of the largest oil producers in the world. We cut off Russian oil into the United States, and our partners in Europe did the same, knowing that we would see higher gas prices,Ф he said.

Biden also said that the U.S. is likely to produce record volume of oil next year.

The U.S. Energy Secretary Jennifer Granhol expects global demand for oil to grow after China lifts anti-coronavirus restrictions, she told reporters.

Representative of the U.S. administrationТs economic council Cecilia Rouse told Bloomberg that China and India may be buying more Russian oil than it is known.


23.06.2022 09:06
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 64.3260 +4.1642 07 jul
USD 62.9110 +4.3992 07 jul
Stock Market Indices
1D 1W 1M 1Y
micex 2221.88 -0.21 18:51 06 jul
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 195.64 -0.84 18:34 06 jul
lkoh 4015.00 0.00 19:00 06 jul
rosn 371.50 0.00 23:50 06 jul
sber 133.50 0.00 18:49 06 jul
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 63.7500 +1.6700 14:59 06 jul
USDTD 61.2725 +7.5550 17:44 06 jul