Vagit Alekperov declared that EU will not be able to replace the Russian oil

The ex-head of the Russian oil and gas companies PUBLIC JOINT-STOCK COMPANY "LUKOIL" Vagit Alekperov declared that EU will not manage to find replacement of the Russian oil in medium-term prospect in case of introduction of embargo on oil deliveries. He made the corresponding statement in conversation with the edition of newspaper "The Financial Times". "It is impossible to find replacement to such large power exporter as Russian Federation, even in medium-term prospect" — the businessman told. According to him, if enter embargo, Russian Federation it will be compelled to reduce oil production and to freeze wells as it was at the beginning of a pandemic Koronavirus in 2020 as...