The Kremlin: Russia will not request an immediate transfer of gas payments in rubles

The Kremlin said on Monday that Europe would be hit hard in the event of a Russian oil embargo, which would hurt the continent’s energy balance but not affect the United States.

Some European Union foreign ministers are pressing for an oil embargo as part of an escalation of sanctions against Moscow and Russia after its invasion of Ukraine.

Kremlin spokesman Dmitry Peskov told reporters that the imposition of any oil embargo is a very complex topic.