The Kremlin warned Friday of a “further imbalance” to global energy markets ahead of an EU embargo on Russian oil products due to come into force this weekend.
For the latest headlines, follow our Google News channel online or via the app.
An EU-wide ban on Russia oil products -- such as diesel, gasoline and jet fuel, is set to come into effect on Sunday alongside a G7 price cap on these products.
It will expand on an EU embargo on seaborne deliveries of Russian crude oil that was introduced in December last year.
“Naturally this will lead to a further imbalance of the international energy markets, but we are taking measures to hedge our interests against the risks associated,” Kremlin spokesman Dmitry Peskov told reporters.
The European Union, G7 and Australia have already imposed a price ceiling.
Read more:
Air raid sirens sound across Ukraine as EU summit begins in Kyiv
Russian missile destroys Ukrainian apartment building; at least 3 dead
EU to impose new sanctions on Russia by Ukraine invasion anniversary
