Oil rises again, far exceeding expectations!

The core of the sixth round of sanctions against Russia is the oil embargo, which will gradually reduce Russia's oil imports by 75% and expand to 90% by the end of 2022. In fact, the oil embargo is already a dangerous move for EU countries. On June 6, local time, Dmitry Medvedev, vice chairman of the Russian Federation Security Council, published on social networking sites his comments on the sixth round of EU sanctions against Russia. The evaluation said that the purpose of the EU is to destroy Russia's economy, but in fact it disrupts the world economy. After refusing to import Russian oil, Europeans had to risk the world to find raw materials of the same quality, in which case there would be shortages of some types of fuels, such as diesel. In addition, the prohibition of insuring Russian oil carriers would lead to difficulties in transporting oil to third countries, but the problem could be solved by signing intergovernmental agreements with third countries and providing state guarantees. The sanctions on excluding the three main banks, including Sberbank, from the SWIFT system are another attempt to create difficulties for the Russian economy, but these banks are still operating normally and bank settlements within Russia will not be affected by the SWIFT system. The sanctions against Russia's state depository and settlement are to create a picture of Russia's "debt default", but Russia has never refused to repay its debts.