EU’s oil embargo may benefit Russia – Swiss analyst ...News

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EU’s oil embargo may benefit Russia – Swiss analyst
The EU ban on Russian oil is expected to further inflate oil prices, increasing Moscow’s oil revenues The ban on imports of Russian crude proposed by the EU authorities will only raise Moscow’s oil revenues, according to Norbert Rucker, head of economics and next-generation research at Swiss wealth manager Julius Baer. The impact of the ban on Russia is “debatable,” the analyst said in an interview with Swiss news outlet 20 Minuten, adding that the EU could have better alternatives to weaken Russia, such as punitive tariffs. Earlier this week, the European Union unveiled a plan to ban Russian oil imports for all o

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