WAR IN UKRAINE - US statement on sanctions against Russian oil: Q&A
Yesterday, President of Ukraine, Volodymyr Zelensky, Volodymyr Zelensky criticized the decision of the United States, to renew Russian oil,
to like, to postpone, sanctions on Russian oil,
and what is the position of EU in this regard?
On the decision of the United States not to impose sanctions against oil and other demands. Thank you. Thank you, Vitaly.
This would normally be a question for Siobhan.
She's being replaced by Ricardo today,
so I will speak very slowly while Ricardo comes to the stage to answer your question,
Ricardo. Thank you and good afternoon.
We understand that,
the exception the US has re-granted is limited in time and in scope to vessels already at sea.
We would actually encourage you to contact our counterparts in the US if you have further questions regarding the precise nature of the measures and how they have been put in place and applied.
The Commission is convinced that the oil price cap and EU sanctions against Russia remain well justified and relevant, and also in the current situation of volatility in oil markets,
the oil price cap has been effective in reducing Russian oil export revenues while maintaining the stability of oil markets,
and Russia should not benefit from the war on Iran, as we've said here numerous times.
Thank you, Ricardo, do we have other questions for Ricardo or for Siobhan,
for whom Ricardo is covering today? I don't see hands in the room.
Thank you very much, Ricardo. Other questions for us today. I'm going to come to Odile.