Kremlin Says It Can Re-route Oil Exports to Minimize Losses from EU Embargo

FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol/File Photo
FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol/File Photo
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Kremlin Says It Can Re-route Oil Exports to Minimize Losses from EU Embargo

FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol/File Photo
FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol/File Photo

The Kremlin warned on Wednesday that the European Union's sanctions on Russian oil would hit the global energy market, but said Moscow could re-route exports to limit its own losses.

EU leaders this week agreed an embargo on Russian crude oil imports that aims to halt 90% of Russia's oil sales into the 27-member bloc by year-end, Reuters reported.

"These sanctions will have a negative impact on the entire continent - for Europeans, for us, and for the entire global energy market," Kremlin spokesperson Dmitry Peskov told reporters.

More than a quarter of Europe's oil came from Russia in 2021, with the EU accounting for almost half of Russia's overall crude and petroleum product exports in 2021, according to the International Energy Agency (IEA).

Energy prices have surged to multi-year highs since Russia invaded Ukraine on Feb. 24, pushing inflation to its highest levels in a generation and sparking fears of a cost of living crisis in Europe and the United States.

Moscow has already started re-routing supplies away from Europe following the imposition of sanctions, the Kremlin said.

"This is a targeted, systemic action that will allow us the minimize the negative consequences," Peskov told reporters on Wednesday.

India is among those who have cashed in on the disruption to Russian supplies, purchasing record amounts of Russian oil at a steep discount to market rates for benchmark crude.



Bangladesh Protest Leaders Taken from Hospital by Police

People take part in a song march to protest against the indiscriminate killings and mass arrest in Dhaka on July 26, 2024. (AFP)
People take part in a song march to protest against the indiscriminate killings and mass arrest in Dhaka on July 26, 2024. (AFP)
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Bangladesh Protest Leaders Taken from Hospital by Police

People take part in a song march to protest against the indiscriminate killings and mass arrest in Dhaka on July 26, 2024. (AFP)
People take part in a song march to protest against the indiscriminate killings and mass arrest in Dhaka on July 26, 2024. (AFP)

Bangladeshi police detectives on Friday forced the discharge from hospital of three student protest leaders blamed for deadly unrest, taking them to an unknown location, staff told AFP.

Nahid Islam, Asif Mahmud and Abu Baker Majumder are all members of Students Against Discrimination, the group responsible for organizing this month's street rallies against civil service hiring rules.

At least 195 people were killed in the ensuing police crackdown and clashes, according to an AFP count of victims reported by police and hospitals, in some of the worst unrest of Prime Minister Sheikh Hasina's tenure.

All three were patients at a hospital in the capital Dhaka, and at least two of them said their injuries were caused by torture in earlier police custody.

"They took them from us," Gonoshasthaya hospital supervisor Anwara Begum Lucky told AFP. "The men were from the Detective Branch."

She added that she had not wanted to discharge the student leaders but police had pressured the hospital chief to do so.

Islam's elder sister Fatema Tasnim told AFP from the hospital that six plainclothes detectives had taken all three men.

The trio's student group had suspended fresh protests at the start of this week, saying they had wanted the reform of government job quotas but not "at the expense of so much blood".

The pause was due to expire earlier on Friday but the group had given no indication of its future course of action.

Islam, 26, the chief coordinator of Students Against Discrimination, told AFP from his hospital bed on Monday that he feared for his life.

He said that two days beforehand, a group of people identifying themselves as police detectives blindfolded and handcuffed him and took him to an unknown location.

Islam added that he had come to his senses the following morning on a roadside in Dhaka.

Mahmud earlier told AFP that he had also been detained by police and beaten at the height of last week's unrest.

Three senior police officers in Dhaka all denied that the trio had been taken from the hospital and into custody on Friday.

- Garment tycoon arrested -

Police told AFP on Thursday that they had arrested at least 4,000 people since the unrest began last week, including 2,500 in Dhaka.

On Friday police said they had arrested David Hasanat, the founder and chief executive of one of Bangladesh's biggest garment factory enterprises.

His Viyellatex Group employs more than 15,000 people according to its website, and its annual turnover was estimated at $400 million by the Daily Star newspaper last year.

Dhaka Metropolitan Police inspector Abu Sayed Miah said Hasanat and several others were suspected of financing the "anarchy, arson and vandalism" of last week.

Bangladesh makes around $50 billion in annual export earnings from the textile trade, which services leading global brands including H&M, Gap and others.

Student protests began this month after the reintroduction in June of a scheme reserving more than half of government jobs for certain candidates.

With around 18 million young people in Bangladesh out of work, according to government figures, the move deeply upset graduates facing an acute jobs crisis.

Critics say the quota is used to stack public jobs with loyalists to Hasina's Awami League.

- 'Call to the nation' -

The Supreme Court cut the number of reserved jobs on Sunday but fell short of protesters' demands to scrap the quotas entirely.

Hasina has ruled Bangladesh since 2009 and won her fourth consecutive election in January after a vote without genuine opposition.

Her government is also accused by rights groups of misusing state institutions to entrench its hold on power and stamp out dissent, including the extrajudicial killing of opposition activists.

Hasina continued a tour of government buildings that had been ransacked by protesters, on Friday visiting state broadcaster Bangladesh Television, which was partly set ablaze last week.

"Find those who were involved in this," she said, according to state news agency BSS.

"Cooperate with us to ensure their punishment. I am making this call to the nation."