French authorities have begun talks with the United Arab Emirates after Russia's renunciation of oil. Thus, the French intend to transport the necessary oil and diesel fuel from the UAE. French Finance Minister Bruno Le Mer told Bloomberg about the work in this direction, according to the national portal Adyrna.
In turn, the official in charge of the financial sector said that in the future significant investments will be made in the development of clean energy, and the construction of wind and sea power facilities will begin.
"We are currently considering alternative sources of gas and diesel fuel from Russia to France. At the same time, we intend to work with the United Arab Emirates. Negotiations are underway in this direction, "Le Mer said.
French President Emmanuel Macron has said the European Union plans to cut oil shipments from Russia by 92 percent by the end of the year. He said an embargo on Russian gas could be imposed in the near future.
The Kremlin could lose $ 22 billion in oil revenues following EU sanctions on Russian oil.
National portal "Adyrna"