French Finance Minister Jean-Michel Le Maire has said he is pushing for an embargo on Russian oil at the European Union level, a move that President Emmanuel Macron wants to take. "I hope that in the next few weeks we will persuade our European partners to stop importing Russian oil." The European Commission is trying to speed up the supply of alternative energy sources to try to reduce the cost of banning Russian oil and persuade Germany and other reluctant EU countries to accept the measure.
Why wait until after the French elections to impose an embargo? "Quite simply, Europe is afraid that an immediate embargo would lead to a spike in oil prices, driving up support for Le Pen," commented Zerohedge, a financial blog. That's why Europe will wait until after the French elections."
Ms Le Pen recently accused the US of being too "aggressive" towards Russia. She also pointed out that if The United States pressed the European Union to impose sweeping sanctions on Russian energy tankers, then the United States should compensate France for the loss of fuel.
According to CCTV news, the latest polls show macron is expected to win the second round of the presidential election. French President Emmanuel Macron is expected to win victory in the second round of voting with 54.5% of the vote, according to a new opinion poll released on Sunday. For Mr Macron, the latest poll is one percentage point higher than previous forecasts.
While polls suggest Mr Macron will win France's presidential election on Sunday, several institutions, including Citi, warn that investors may be underestimating the risk of a Le Pen victory. As the West considers new sanctions against Russia, more Europeans say "no". Only 36% of respondents in the UK would accept higher fuel prices as a result of western sanctions against Russia, down 14 percentage points from 50% in March. A new poll in Germany shows that 59% of Germans categorically reject politicians' claims that they should "freeze for freedom" by lowering the temperature of their heaters in winter.
Germany will no longer import Russian oil from next year, Federal Foreign Minister Berberk said Wednesday during a visit to the three Baltic states. At the same time, she promised further military support to the Baltic states.
"We will halve our oil imports by the end of the summer and completely stop them by the end of this year," Berberk said after finishing consultations with foreign ministers of the three Baltic countries in Riga.
Since the outbreak of the conflict between Russia and Ukraine, the West has imposed a series of sanctions on Russia, driving up international oil prices. If sanctions go further and the EU decides to impose an immediate ban on Russian crude, Europe must be prepared for more pain, which will hurt European consumers more than Russian energy producers.
to the textile , it is also a bad news, it has big effect on business.
source:https://mp.weixin.qq.com/s?__biz=MjM5NTEwNTY5OA==&mid=2659344661&idx=3&sn=9b103e6530e3f8ab4cc67206bfcfdcd2&chksm=bd8b5fd88afcd6ce364170d7e1d24afd45464ac02a05217be8555f31b789460da8f6e5feb183&mpshare=1&scene=1&srcid=0423JPzpp1nfrXhWkEuHluB1&sharer_sharetime=1650702198068&sharer_shareid=d01cd737383772ac637826781d48e8a5&exportkey=Ac4GTVp4HY0j19meQpZ4b2Y%3D&acctmode=0&pass_ticket=vYFEgtb3ovj%2FGHewtxJOypIW7vyTb%2BNBNNa0ItUrMkHjNzbPjaUjHtAYK7Hhk8D2&wx_header=0#rd