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Russia says it is ready to sell oil to 'friendly countries in any price range'

Shulginov said crude prices in the range of $80 to $150 a barrel were in principle possible but said Moscow was more focused on ensuring the oil industry continues to function, Interfax said.

Reuters
Moscow, Russia
Wed, April 13, 2022

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Russia says it is ready to sell oil to 'friendly countries in any price range' This Handout photo made available by Greenpeace shows one of their activists holding an anti-war placard as they float in the water in front of the supertanker Pertamina Prime off the coast of Denmark on March 31, 2022, blocking the transshipment of a Russian oil shipment between two ships. (AFP/Kristian Buus/Greenpeace)

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ussian Energy Minister Nikolai Shulginov told Izvestia newspaper that Moscow is ready to sell oil and oil products to "friendly countries in any price range", Interfax news agency said on Tuesday.

Shulginov said crude prices in the range of $80 to $150 a barrel were in principle possible but said Moscow was more focused on ensuring the oil industry continues to function, Interfax said.

Meanwhile, the chairmen of three parliamentarian committees said the European Union should impose an embargo on Russian oil as soon as possible.

The EU is drafting proposals for an oil embargo on Russia although there was no agreement to ban Russian crude. EU diplomats said Berlin, which is heavily reliant on Russian oil, is not actively supporting an immediate embargo.

Germany's government expects to be able to phase out Russian oil by the end of the year.

German Foreign Affairs Committee Chairman Michael Roth on Tuesday said cutting Russian oil would be a very important signal because it would affect Russia's main source of income.

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A quick EU decision could be combined with a transition phase like the import ban on Russian coal, which will come into effect from mid-August after EU ambassadors agreed on it last week, Roth said.

Roth's comments come after visiting western Ukraine on Tuesday with two parliamentarian committees heads from the ruling coalition parties.

"It can be done within a few weeks because there are other suppliers," said Anton Hofreiter, the head of the Bundestag's Europe's Committee, adding that phase-out period to implement a ban on Russian coal was too long.

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