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3/21, 10:41 AM (Source: TeleTrader)
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Oil sanctions would hit Europe hard - Kremlin

Russia cautioned on Monday that imposing sanctions on Russian oil imports would "seriously affect the energy balances on the European continent for the worse." The European Union signaled on Monday that it is ready to discuss imposing sanctions on Russian energy.

Kremlin Spokesman Dmitry Peskov added the embargo would "very seriously affect the world oil market in general," but that Europe would be "hit hard," while the United States "will feel much better than the Europeans."

Baha Breaking News (BBN) / DJ