Peskov: Facing the energy crisis, the EU doesn't know what to do
On March 25, Russian President's press secretary Peskov commented on the European Union's decision to delay its previously announced ban on Russian energy, stating that Europe is now at the initial stage of a deep crisis and does not know how to respond.
Peskov also pointed out that Russia is currently receiving a large number of supply requests for its energy resources, and Moscow will conduct energy exports based on its own interests.
Earlier, the European Commission had indefinitely postponed discussions on a complete ban on purchasing Russian oil. The two core reasons behind this are: first, concerns that a blockade of the Strait of Hormuz could further exacerbate the oil crisis; second, the United States has decided to suspend sanctions targeting certain Russian oil supplies. Under these circumstances, the EU dares not rashly implement a full embargo.
After cutting off most of its energy ties with Russia, the EU now finds itself in a situation akin to "digging a hole to bury oneself." With oil prices soaring, enforcing a comprehensive oil embargo would be tantamount to adding insult to injury, inflicting even more devastating damage on the bloc.
Original source: toutiao.com/article/1860644005979136/
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