How the EU will allow a slight increase in Russian oil exports

With the European Union’s recent adjustments to the sanctions against Russia, a small increase in Russian exports of oil looks set to be allowed.

Photo: Tatiana Meel/Reuters/Ritzau Scanpix

Oil traders are asking the question whether they can now handle more Russian oil following adjustments to sanctions by the European Union. The answer appears to be yes, a little.

The future flow of Russian crude and fuels is critical for the global oil market, but also provides funding for the nation’s invasion of Ukraine.

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