Russian lawmaker: oil embargo hits economy in Europe

Russian lawmaker: oil embargo hits economy in Europe

Konstantin Kosachev, a Federation Council deputy speaker, on Tuesday said a partial embargo on Russian oil imports agreed by the heads of state and government of the European Union will deal a blow to the competitiveness of the economy and the well-being of the population in European countries.

"By imposing an oil embargo against Russia during the Brussels summit, EU leaders successfully dealt another blow to the competitiveness of their economy and the well-being of the population," he said on Telegram. "The self-inflicted damage was partially weakened as the restrictions will affect only oil supplies by ship, while pipelines remain unaffected yet."

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