Moreover, the implication that NATO is after both Libya’s and Russia’s oil reserves is unsubstantiated. Sputnik’s story comes as European nations, which rely heavily on Russian oil and gas, are looking to embargo Russian oil as punishment for attacking Ukraine. Putin spoke after the Paris-based International Energy Agency (IEA) predicted that damage to Russian energy exports will start hitting hard in May. “Russian oil supply could fall back by three million barrels a day starting from May,” Bosni said. Britain said it will phase out Russian oil by the end of the year, allowing time to find alternative suppliers.

Source: Libya Today April 15, 2022 20:18 UTC