Russia’s Novak: Oil prices could more than double to over $300 a barrel

“Oil price could more than double to over $300 per barrel,” Russia’s Deputy Prime Minister Alexander Novak warned in a statement early Tuesday.

Novak said, “a rejection of Russian oil would lead to catastrophic consequences for the global market.”

Additional comments

Europe is pushing us toward an embargo on gas deliveries through ignored tree and one, but we are not taking this decision yet.

Nobody would benefit from an embargo on the gas deliveries through Nordstrom one.

Replacing Russian oil deliveries to Europe would take more than a year.

Embargo on Russian oil could push prices over $300 per barrel.

Has information provocations being planned against Ukrainian as transport system.

Russia knows where it would redirect oil to if Europe and the United States refuse it.

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