weapon against the kremlin, because it gets three times as much income from oil than from gas. but an embargo on russian oil risks a 70s style energy crisis, and it s long been mr putin s calculation that western governments and western populations won t want to pay a price so high. even a conversation about sanctions on russia s oil saw the price of a barrel of crude oil leap to a iii year high this morning before settling still up on the day. even before this, pump petrol prices are now on average £1.55 a litre and heading higher. russia s economy is already taking a hit. we see the rouble going through the floor. we see russia s credit rating coming basically to zero, to junk status. the rouble, at new record lows, has now halved in value, but across europe, it s not yet the time to choke off
risks a 70s style energy crisis and it s long been mr putin s calculation that western governments and western populations won t want to pay a price so high. even a conversation about sanctions on russia s oil saw the price of a barrel of crude oil leak to a ia year high this morning before settling still up on the day. even before this, pump petrol prices are now on average £155 a litre and heading higher. russia s economy is already taking a hit. brute heading higher. russia s economy is already taking a hit. already taking a hit. we see the rouble going already taking a hit. we see the rouble going through already taking a hit. we see the rouble going through the i already taking a hit. we see the rouble going through the floor, | already taking a hit. we see the i rouble going through the floor, we see russia s credit rating coming to zero, tojunk see russia s credit rating coming to zero, to junk status. see russia s credit rating coming to zero, tojunk status. the see russi