The EU is set to impose sanctions on Russia’s seaborne crude oil imports on Monday, while experts voice supply concerns as 1.1 million barrels per day (bpd) of Russian oil is expected to go unsold, reports AA.
Russia-Ukraine conflictTo restrain Russia’s economy due to its conflict with Ukraine, the EU decided on June 3 to suspend purchases of Russian crude oil beginning Dec. 5, despite its heavy reliance on Russian hydrocarbon products. The EU will also stop...
https://mfame.guru/russian-oil-at-risk-of-not-finding-buyers-with-sanctions-kicking-in/