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Russian oil
05/20/2022
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By Mary Villareal
EU committing economic suicide by imposing sanctions on Russia
Members of the European Union (EU) have found themselves in a precarious position by joining the U.S. in its proxy war against Russia. An observer noted that European countries are imposing more sanctions on Russia for purely political reasons and with the U.S. applying just enough pressure. Saying no to Russian energy will mean that […]
04/28/2022
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By Ethan Huff
Germany signals support for “gradual” EU ban on Russian oil after Moscow rejects gas payments from seized trading firm
For the first time, Germany says it is now ready to impose a “gradual ban” on Russian oil amid the ongoing conflict in Ukraine. After Russia refused to accept a payment from a trading firm that Germany seized from Moscow’s control following its invasion of Ukraine, the European Commission is escalating the situation further by […]
04/20/2022
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By Ethan Huff
Starting next week, EU will impose full embargo on Russian oil, sending prices above $185 a barrel: JPMorgan
Following the French election this upcoming weekend, the European Union (EU) is reportedly planning to impose a full embargo on all Russian oil, which JPMorgan says will drive the oil price beyond $185 a barrel. To minimize public support for Marine Le Pen, the EU is apparently waiting until after the second round of voting […]
04/15/2022
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By Mary Villareal
EU looking at embargo on Russian oil products, potentially causing another supply chain catastrophe
European officials are now drafting plans for an embargo on Russian oil products, the most contested measure yet in punishing Russia for its invasion of Ukraine. After banning Russian coal – a move that sent coal prices around the globe at all-time highs – the European Union (E.U.) is now likely to adopt a similar […]
03/10/2022
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By Kevin Hughes
Oil prices soar as Russian sanctions stir supply chain concerns
The decision of the United States and Britain to stop Russian oil imports is expected to interrupt even further the global energy market with Russia being the second-largest exporter of crude. Oil prices settled down at four percent higher on Tuesday, March 8, but these have soared to more than 30 percent after Russia invaded Ukraine. […]
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