Monday. 03.10.2022
WAR IN UKRAINE

US, Europe mull Russian oil import ban amid energy supply fears

However, Washington is worried about petrol prices, which have already reached staggering heights

FILED - 03 March 2022, Russia, St. Petersburg: The Gazprom logo is seen on a branch of the Russian state-owned corporation in St. Petersburg. Gazprom said that Russia continues to deliver gas to Europe via Ukraine at normal levels. Photo: Igor Russak/dpa.
Gazprom said that Russia continues to deliver gas to Europe via Ukraine at normal levels. Photo: Igor Russak/dpa.

Russia is continuing its delivery of gas to Europe via Ukraine at normal levels, according to state-owned energy giant Gazprom, even as the US and its allies look to cut off the flow to punish Russia for its invasion of Ukraine.

"We are now talking to our European partners and allies to look in a coordinated way at the prospect of banning the import of Russian oil," US Secretary of State Antony Blinken told CNN on Sunday. The debate was also about "making sure that there is still an appropriate supply of oil on world markets," Blinken said. "That’s a very active discussion as we speak."

Due to the Russian invasion of Ukraine, pressure is mounting on the US government to add an import ban for Russian oil to the sanctions that have already been imposed. US President Joe Biden has not explicitly ruled out such a move.

However, Washington is worried about petrol prices, which have already reached staggering heights.

Since the beginning of the war, Western countries have imposed tough sanctions on Russia, with many fearing that Moscow might cut off gas deliveries in retaliation.

Earlier, however, Russian state-owned energy company Gazprom said it still "carries out the supply of Russian gas for transit through the territory of Ukraine in the regular scale and according to the requirements of European consumers," according to Gazprom spokesperson Sergei Kupriyanov, as quoted by Russian news agency Interfax.

Accordingly, some 109.5 million cubic metres of gas were to flow on Sunday.

Gas pipelines damaged

During the fighting in Ukraine, gas pipelines in six areas appear to have been damaged, according to reports.

As a result, hundreds of thousands of people have had their gas supply cut off, the Ukrainian news agency UNIAN reported, citing the operators of Ukraine's gas transit system.

Sixteen gas distribution stations in Ukraine - including those in the areas around Kharkiv, Kiev, Zaporizhzhya, Donetsk and Luhansk - were no longer working, according to the report.

Amid concerns across the EU that Russia could close the taps, Italy has moved to further strengthen its ties with Qatar - already Italy's biggest supplier of liquefied natural gas - in the hope of securing a greater volume of gas delivery in the future.

On Monday, Italian Prime Minister Mario Draghi is due to meet EU Commission head Ursula von der Leyen in Brussels to discuss energy in Europe. Among other measures, Italy's government has also announced plans to produce more gas off the coast of Sicily.

US, Europe mull Russian oil import ban amid energy supply fears
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