Europe is punishing Russia economically...Moscow was not affected

European Union imposed an embargo on Russian crude oil transported by sea.

Europe is punishing Russia economically...Moscow was not affected
sanctions on Moscow

European Commission President, Ursula von der Leyen, announced that the European Union intends to impose a new package of sanctions on Russia by the first anniversary of the start of the invasion of Ukraine on February 24.

  She pointed out that "Russia is paying a heavy price today because our sanctions are undermining its economy and setting it back a generation."

sanctions on Moscow

It must be noted that Brussels has been imposing a series of sanctions on Moscow for nearly a year, and setting a ceiling of $60 for the price of Russian oil upon export is the most prominent of these measures.

Von der Leyen estimated that this restriction, which was set by the European Union with the Group of Seven and Australia in early December, "costs Russia about 160 million euros per day."

In early December, European Union also imposed an embargo on Russian crude oil transported by sea. 

This ban will be extended to include the purchase of Russian refined petroleum products, and the G7 countries will also set a ceiling on the prices of these products.

Dr. Musallam Shaito, head of the Russian Cultural Center, said that Russia was not affected by the oil derivatives pricing decision.

Shaito said that the countries of Europe have fallen into problems that are reflected in Russia.

Russia was not affected

He added that Europe's management of this crisis, and the sanctions it imposed on Russia, did not find any benefit, because Russia was not affected much, and it has many alternatives and exits.

He explained that Russia emerged from the crisis by building distinguished relations with a large number of countries in the world.

Europeans lie to themselves

He continued, "The Europeans are trying to lie to themselves. They buy Russian derivatives directly, or indirectly through India, China or Turkey."