Russia's deadline for European countries using its gas to pay in rubles expired on Friday, while the war in Ukraine continues despite the resumption of talks.
Reuters quoted Russia's state-run RIA Novosti news agency as saying on Friday that Nikolai Kobrinites, a senior Russian foreign ministry official, had said the EU would respond to sanctions imposed on Russia.
According to the report, Nikolai Kobrinites told the news agency that "EU measures should be responded to. Irresponsible sanctions imposed by Brussels are affecting the lives of ordinary Europeans.
Russian President Vladimir Putin made a big gamble on Thursday, urging Europeans buying energy sources from Russia to pay for products in rubles (Russian currency) from Friday or their contracts would be suspended. ۔
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European governments have rejected Russian President Vladimir Putin's ultimatum, while Germany, the world's largest buyer of Russian gas, has called it "blackmail."
At the moment, the United States is taking steps to put pressure on Russia, in which the European Union is supporting it. According to experts, the condition of the Russian president will affect European countries.
Russia's February 24 attack on Ukraine has so far killed thousands and forced millions to flee, leaving the United States and Russia in direct confrontation. Concerns have also been raised.
Despite resumption of talks, war in Ukraine has not stopped yet (Photo: AFP)
The United States imposed economic sanctions on Russia after Russia's invasion of Ukraine. However, European countries buy gas from Russia. The biggest buyer of Russian gas is Germany. Arrives
Since the European Union is on the side of the United States on the Ukraine war issue, Russia has obliged them to pay in rubles.
The White House this month banned oil imports from Russia as part of economic sanctions imposed after the invasion of Ukraine.
This was followed by a rise in global oil prices, which prompted the United States to use its reserves, after which prices fell slightly on Thursday.
According to reports, the price of crude oil WTI fell more than five percent on Thursday while the price of Brent oil fell by four percent.
The price of WTI fell by 5.2 percent, after which the price per barrel rose to 102.2 percent.
Similarly, the price of Brent fell by 4.2% to 65 108.65 per barrel.
The fall in oil prices is being blamed on reports that US President Joe Biden is considering releasing one million barrels a day.
Similarly, concerns over Chinese demand and a lockdown in Shanghai led to lower prices.
The White House this month banned oil imports from Russia as part of economic sanctions imposed after the invasion of Ukraine.
This was followed by an increase in oil prices, which were already at a decade-high.
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