Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
LONDON, July 18 (Xinhua) — Britain on Friday joined the European Union's new round of sanctions against Russia.
The UK and the EU announced on Friday a cut in the crude oil price ceiling from $60 to $47.60 per barrel, which would “directly hit Russia’s oil export revenues,” the UK Foreign, Commonwealth and Development Office said in a statement.
The statement added that the UK and the EU were “acting in full coordination” to increase economic pressure on Russia.
On Friday, the European Union approved a new package of sanctions against Russia, including a provision to lower the price ceiling for Russian oil supplied to third countries, as well as measures to ensure that the Nord Stream 1 and Nord Stream 2 gas pipelines in the Baltic Sea cannot resume operation.
On the same day, Russian Deputy Foreign Minister Alexander Grushko stated that Russia does not rule out retaliatory measures after analyzing the 18th package of EU sanctions.
"Of course, we will analyze their impact on our economy. If necessary, we will take measures that would ensure our interests. And some countermeasures are also possible," the diplomat told the TASS news agency. -0-
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