The Kremlin warned Friday of a "further imbalance" to global energy markets ahead of an EU embargo on Russian oil products due to come into force this weekend.

A view of a petrol station of the Russian oil producer Gazprom Neft and high-rise residential buildings under construction in Moscow on January 12, 2023. (Photo: AFP)

"Naturally this will lead to a further imbalance of the international energy markets, but we are taking measures to hedge our interests against the risks associated," Kremlin spokesman Dmitry Peskov told reporters.