High Representative of the European Union for Foreign Affairs and Security Policy Josep Borrell said on Tuesday that the goal of the Russian oil ban is "for Russia to have less financial resources to feed its war machine," APA reports citing Tele Trader.
He stated that the EU "cannot prevent Russia to sell their oil to someone else" but that the bloc is Moscow's "most important client" and that it will have to lower its prices in order to redirect its exports elsewhere.