Petrol-diesel will reach beyond Rs 200 a liter! Russia's warning.. Europe will have gas shortages
Categories: FOREIGN COUNTRIES
International crude oil price has reached the highest level since 2008 and it can go up to $ 300 per barrel. Russia has threatened Western countries that if the Western countries cut energy supply by Russia, the price of crude oil could reach beyond $ 300. Also the Russia-Germany gas pipeline supplying gas to Europe will be closed. US Secretary of State Antony Blinken has said that the US and European countries are considering imposing sanctions on imports of oil from Russia. After this, the price of crude oil reached the highest level since 2008. According to Reuters, Russia's Deputy Prime Minister Aleksandr Novak said that if the US and allies did this, it would have dire consequences in the global market. Due to this, the price of crude oil can reach 300 barrels per barrel. Nowak said that it would take Europe more than a year to replace the oil supplied by Russia and it would have to pay a very high price for it. He said Europe's leaders should honestly tell their people what effect this will have on their people and consumers. He said, 'If you want to stop the supply of oil from Russia, do it with passion. We are ready for this. We know where we can sell our oil.' Russia supplies 40 percent of the gas to Europe. The Russian deputy prime minister also said that his country was fulfilling the promises made to Europe. But we have every right to take action in the interest of our country. Germany last month refused to certify the Nord Stream 2 gas pipeline. Nowak said his country could stop supplies from the Nord Stream 1 gas pipeline. So far we have not done so, but provocative statements from European leaders may compel us to do so.