Oil

German Finance Minister Christian Lindner told reporters that sanctions on energy imports from Russia will not be able to affect the Russian authorities.

Due to the fall in wholesale prices at Russian gas stations, gasoline began to become cheaper.

The European Union plans to gradually abandon the purchase of Russian energy carriers.

Gas prices in Europe could rise significantly as the region needs to pump record volumes of fuel into underground gas storages (UGS).

The British multinational oil and gas company British Petroleum (BP) has announced its intention to stop making new deals to buy oil and gas from Russia.

Gazprom continues to supply gas for transit to Europe through the territory of Ukraine in the normal mode.

Member of the European Parliament Thierry Mariani said that if the EU refuses to import gas and oil from Russia, then such a decision will turn out to be a disaster for it.

German Chancellor Olaf Scholz said that Germany decided to continue business with Russia in the field of energy supply.

German Finance Minister Christian Lindner spoke out against imposing bans on the purchase of Russian oil, coal and gas.

Serbian President Aleksandar Vucic said that the price of oil could rise by 2-3 times in the event of a ban on imports from Russia.

The price of gas in Europe during the auction for the first time exceeded $2,800 per 1,000 cubic meters, TASS reports, citing data from the ICE exchange.

In Canada, they proposed to supply Canadian oil to the United States instead of Russian because of the situation around Ukraine.

It will be difficult for Europe to find a replacement for Russian gas before the end of the year, said Alexander Kamkin, a researcher at the Center at the Institute of Europe of the Russian Academy of Sciences.

According to the expert, the rise in gas prices is due to the nervousness of the market about possible interruptions.

The sanctions imposed against Russia for the operation to protect the Donbass will hit the German economy hard.