The EU Is Ramping Up Efforts To Ban Russian Oil ...Middle East

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The EU Is Ramping Up Efforts To Ban Russian Oil
source : OILPRICE ( Middle East ) () 28
The European Union may agree to a ban on Russian oil imports by the end of this week, despite concerns that this would further boost oil prices. Bloomberg reported this weekend that EU members were discussing a phase-out approach that would see Russian oil imports decline gradually until the end of the year. The Financial Times, however, later reported that the timeline for phasing out Russian has been moved up to several months. According to the FT report, Germany, one of the biggest importers of Russian crude, had initially asked for more time…

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