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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