Oil Prices Hit 5-Month Highs
In the oil market, the upward trend continues at the beginning of the new week, with prices rising to nearly 5-month highs due to increasing geopolitical risks related to supply disruptions
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Russia's Foreign Ministry harshly criticised the new set of EU sanctions, reports ITAR-TASS.
On Saturday the EU announced it widens the sanctions list to include Russian intelligence chiefs and organisations of the pro-Russian separatists in eastern Ukraine.
The reason for this is the perceived involvement of Russia in the downing of the Malaysia Airlines MH17 flight over eastern Ukraine last week.
The European Union jeopardized international security cooperation when it agreed with Washington’s policy regarding sanctions against Russia over events in Ukraine, the Russian Foreign Ministry said in its statement.
“The additional sanctions list is direct proof that the EU countries have set a course for complete termination of interaction with Russia in international and regional security issues, including the fight against proliferation of weapons of mass destruction, terrorism, organized crime and other new challenges and threats,” the ministry said.
It said that the EU only harms itself by supporting the United States in the sanctions issue.
“We are convinced that such decisions will be enthusiastically perceived by the terrorist International,” the Russian Foreign Ministry said.
The ministry also noted that the sanctions expansion shows that the EU “has become totally addicted to Washington and Kiev fairytales about events taking place in Ukraine” while depriving itself of an alternative and objective source of information.
“Do they realize in the EU capitals what these irresponsible steps, be it in the political or economic spheres, may lead to?” the Russian foreign policy department said.
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