Due to the introduction by the European Union of a price ceiling for Russian oil, Ukraine will face an increase in the cost of petroleum products and their shortage. This was stated by the director of the Ukrainian consulting group A-95 Sergey Kuyun, TASS reports.
As an example of the short-sightedness of the EU’s oil policy, Kuyun cited problems with oil supplies and the production of petroleum products in Bulgaria, Italy, Greece, Poland, Turkey and Romania on his social media page.
“There are common problems for all. Russian oil is being replaced by other grades, mostly lighter grades,” he writes.
“What is it leading to and what has it already led to? To increase in prices and [increase in cost – ed.] services for the transportation of fuel by sea and land. These indicators are already approaching the spring ones. <…> But even those who are ready to throw in even 100 [dollars – ed.] cannot get the product, because it is not there, ”said the Ukrainian expert.
“We are waiting for 2-3 months of turbulence until the European market adapts first to oil and then to oil product sanctions. In the meantime, it looks like we were the first to feel these sanctions,” Kuyun said.
In his opinion, the key problem is the shortage of petroleum products on the market.
“Therefore, do not rush to hate our allies for the ceiling of $60 per barrel for Russian oil. The question is not the price, but the fact that there is no shortage. Because we will get both a deficit and space prices”, he concluded.
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