{"id":38810,"date":"2022-05-31T09:14:44","date_gmt":"2022-05-31T06:14:44","guid":{"rendered":"https:\/\/www.ukrgate.com\/eng\/?p=38810"},"modified":"2022-05-31T09:14:48","modified_gmt":"2022-05-31T06:14:48","slug":"how-much-profit-can-russia-lose-due-to-the-eu-oil-embargo-bloomberg-analysis","status":"publish","type":"post","link":"https:\/\/www.ukrgate.com\/eng\/?p=38810","title":{"rendered":"How much profit can Russia lose due to the EU oil embargo &#8211; Bloomberg analysis"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>KYIV.\u00a0UkraineGate , 31 , May , 2022 | Political News.\u00a0<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bloomberg\u00a0analyzed how much Russia will lose from the EU oil embargo .<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Details<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to Bloomberg estimates, Russian dictator Vladimir Putin could lose about $ 10 billion a year from oil exports under an EU ban.&nbsp;This is because Russia will be forced to sell its oil at a discount to Asia, where it is already passing from hand to hand, about $ 34 per barrel cheaper than the price of futures on Brent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The cessation of supplies through the northern branch of the Druzhba pipeline to Poland and Germany will lead to a reduction of another $ 12 billion.&nbsp;According to the publication, Russia will continue to earn about $ 6 billion from exports to Hungary, Slovakia and the Czech Republic through the southern branches of the &#8220;Friendship&#8221;.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to Bloomberg, last year Russia delivered to Europe about 720 thousand barrels of crude oil per day through the Druzhba pipeline.&nbsp;For comparison, the volume of oil transportation from the Baltic, Black and Arctic ports is 1.57 million barrels per day.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Before<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The President of the European Council Charles Michel said that the EU has agreed on a\u00a0<a href=\"https:\/\/www.unn.com.ua\/uk\/news\/1979195-u-yes-domovilisya-pro-chastkovu-zaboronu-importu-rosiyskoyi-nafti\">partial ban<\/a>\u00a0on oil imports from Russia.\u00a0In addition, the bloc&#8217;s leaders supported the decision to\u00a0\u00a0<a href=\"https:\/\/www.unn.com.ua\/uk\/news\/1979198-yes-zaprovadit-chastkove-embargo-na-rosiysku-naftu-ta-vidklyuchit-sberbank-vid-swift\">disconnect<\/a>\u00a0Russia&#8217;s largest bank, Sberbank, from the SWIFT system.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Source:\u00a0<a href=\"https:\/\/www.unn.com.ua\/\">Ukrgate<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KYIV.\u00a0UkraineGate , 31 , May , 2022 | Political News.\u00a0 Bloomberg\u00a0analyzed how much Russia will lose from the EU oil embargo . Details According to Bloomberg estimates, Russian dictator Vladimir Putin could lose about $ 10 billion a year from oil exports under an EU ban.&nbsp;This is because Russia will be forced to sell its [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10750],"tags":[11072,7522,2399,1000,1854],"class_list":["post-38810","post","type-post","status-publish","format-standard","category-political-news","tag-embargo","tag-profit","tag-ukraine-gate","tag-ukraine-news","tag-world-news"],"_links":{"self":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts\/38810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38810"}],"version-history":[{"count":1,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts\/38810\/revisions"}],"predecessor-version":[{"id":38813,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts\/38810\/revisions\/38813"}],"wp:attachment":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}