GRM: New sanctions against Russia will not affect oil prices

If the EU and US choose to give up Russian oil as a part of the fresh round of sanctions against the country, it would hit like a boomerang in the form of inflated gasoline and oil prices in Europe – and the European countries will do what they can to avoid that in the midst of a period of economic recovery following the fiscal crisis, assesses Global Risk Management oil analyst, Michael Poulsen.
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