Oil is getting more expensive on fears for ban on deliveries from Russia to European Union

Prices for oil stamps accelerated growth on Wednesday against the backdrop of the banners of the European Union for the import of Russian oil in the framework of the impending sixth package of anti -Russian sanctions.

July Brent futures on the ICE Futures London Exchange at 11:35 are worth $ 2.7 (2.57%) – up to $ 107.67 per barrel. The cost of the futures on WTI for June at electronic auction of the New York commodity exchange (NYMEX) increased by $ 2.79 (2.72%) to $ 105.2 per barrel.

The head of the European Commission Ursula von der Lyain said on Wednesday that the EC would offer to ban all Russian oil in Europe. Von der Layen noted that a complete rejection of oil and purified petroleum products from Russia should take six months and end by the end of 2022.