EU cashing in on cheap Russian oil – The Economist ...News

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EU cashing in on cheap Russian oil – The Economist
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Moscow is pumping more crude to the continent than before sanctions, data shows Russian oil supply to the European Union rose by 14% between January and April, from 750,000 to 857,000 barrels per day, The Economist reported on Wednesday, citing data by Argus Media. This comes as Brussels has been calling to completely stop energy imports from the country. According to the report, the latest EU embargo on Russian oil applies only to seaborne crude and petroleum products, for now covering just 75% of imports from Moscow. Oil supplied by pipeline to a handful of countries in central and eastern Europe is temporarily

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