Russia Threatens To Send Oil Prices To $300 Per Barrel Or Higher If West Bans Oil Imports

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from Daily Wire,
3/4/22; updated 3/8/22:

Biden Looks Around the World for Oil While Ignoring One Major Country’s Supply.

Russia is threatening to send the price of oil through the roof if the West cuts off Russian oil imports in response to the invasion of Ukraine.

“It is absolutely clear that a rejection of Russian oil would lead to catastrophic consequences for the global market,” Russian Deputy Prime Minister Alexander Novak said. “The surge in prices would be unpredictable. It would be $300 per barrel if not more.”

“So far, we are not taking such a decision,” Novak said. “But European politicians with their statements and accusations against Russia push us towards that.”

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