Kremlin says Russian oil embargo would hurt Europe, not U.S. Posted on March 21, 2022 by cngpump Some European Union foreign ministers are pushing for an oil embargo as part of a possible fifth round of sanctions against Russi, in an effort to punish Moscow over events in Ukraine. Related posts: EXPLAINER: What does a US ban on Russian oil accomplish? EU to phase out Russian energy, offer Ukraine support but no fast-track membership India taking up Russian discounted oil offer will not be US sanctions violation, says White House Russia seeks Indian investment in its sanction-hit oil and gas sector Indian Oil buys 3 million barrels Russian Urals crude via tender Ukraine crisis: India in talks to buy discounted Russian crude oil Live updates: U.S. House approves Russia oil import ban bill Oil price falls 5 per cent, cools down from Russian oil shock rally Halliburton, Schlumberger draw back from Russia amid U.S. energy sanctions Russian natural gas flows steady on key pipelines to Europe