jammed

A general view shows Lukoil oil refinery in Volgograd, Russia on April 22.

The West has just jammed the oil market. The rest depends on Russia

A general view shows the Lukoil oil refinery in Volgograd, Russia, on April 22. (Reuters) Estimated reading time: 5-6 minutes MOSCOW — Most Russian crude oil exports to Europe are now banned, marking the West’s boldest ever effort to put financial pressure on President Vladimir Putin as his brutal war in Ukraine enters his tenth …

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The West has just jammed the oil market.  The rest depends on Russia

The West has just jammed the oil market. The rest depends on Russia

The oil embargo, decided at the end of May, entered into force on Monday in the European Union. It was accompanied by a new price cap for Russian crude set by the G7 countries. This is intended to limit Kremlin revenue while allowing countries like China and India to continue buying Russian oil, provided they …

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