Russia Says Energy Embargo Could Send Oil Prices Over $300

With the US reportedly said to vote as soon as Tuesday on a proposal to ditch trade relations with Russia and Belarus, including suspending oil imports despite repeated objections from Germany which has stated that a collapse in supply threatens "social cohesion", Russian Deputy PM Novak said that a ban on Russian oil would result in catastrophic consequences for global market according to Interfax, warning that Europe is pushing Russia towards an embargo on gas deliveries through Nord Stream 1, which is currently filled to maximum…