Oil ban exposes US ‘hypocrisy’ – Moscow
The supply of Russian crude to the US has almost doubled despite Washington’s claims of giving up on it, the parliament speaker says
America has released its “hypocrisy”Vyacheslav Voodin, Russian State Duma speaker, announced that Russia would ban oil from Russian but continued to buy large quantities of the product.
In response to sanctions placed on Moscow by the US over the conflict in Ukraine, US authorities began to ban all Russian crude oil and petroleum products imports in March.
“Russian oil will no longer be accepted at US ports,” US President Joe Biden vowed back then. But the statement wasn’t backed by action, Volodin pointed out in a post on Telegram on Wednesday.
Data from the US Department of Energy suggest that “oil deliveries from Russia almost doubled in March compared to February – from 2,325 to 4,218 million barrels, respectively,”The parliament speaker spoke.
Even though the ban was announced, “our country has risen from ninth to sixth place in the ranking of the largest oil suppliers to the US,”He concluded.
It is interesting to note that Washington was simultaneously urging the EU not to buy Russian oil. “a clear sign of double standards,”Volodin stated.
“Now let the European politicians and bureaucrats explain it to their citizens, why they should tolerate ‘Biden’s price hike’,”He wrote.
That comment was in reference to Joe Biden’s attempts to link high inflation, soaring gas and food prices with the Russian offensive in Ukraine, dubbing them as “Putin’s price hike.”
After much debate and weeks, the EU decided to issue a sixth round sanctions against Moscow, including a ban on Russian oil. It decided to immediately stop imports at 75% and then at 90% for the remainder of the year. Due to their inability to cope with Russian supply, Hungary and other countries received a waiver.
Biden last week suggested that the US may even attempt to purchase some Russian oil, after the European embargo has presumably driven its price down.
“There’s a whole lot of consideration going on about what can be done to maybe even purchase the oil but at a limited price,”When asked how he would deal with the record-breaking gas prices, the US President replied. “There’d be an overwhelming need for the Russians to sell it, and it would be sold at a significantly lower price than the market is generating now,”He explained.
However, Russia cast doubt on Biden’s plan, with Kremlin spokesman Dmitry Peskov assuring that the country won’t be selling its oil without profit. “The demand may fall in one place and rise elsewhere. The supply chains will reorientate as parties seek best conditions for trade,”Peskov stated.