China: Europe will still pay for the price ceiling for Russian oil

The introduction of a ceiling on oil prices from Russia will turn against Western countries against themselves, and the Russian state will supply black gold to other markets. This is written by the Chinese edition of Global Times.

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“The Russian country of the country has such buyers of the product as China and India. Also, to fill the gap, Russia can export to the countries of the Middle East, and then to Europe”, says Chinese analyst Cui Heng.

The expert notes that in the end the European Union will still pay for its decisions. They will have to look for a new supplier and at the same time buy the necessary raw materials from the UK and the US at a higher price.

The specialist noted that the innovation introduced against the Russian Federation did not have a serious impact, but at the same time it already put pressure on the European economy.

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