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06/12/2022at 15:02

Russian response to embargo could make oil historically expensive

It could have serious consequences for the world economy if Russia responds to Western sanctions by limiting its oil output, warns Jyske Bank.
Photo: Tatiana Meel/Reuters/Ritzau Scanpix
by NIKLAS KRIGSLUND

The global economy could be thrown into a deep recession if Russia chooses a hard response to the latest wave of Western sanctions, says Danish Jyske Bank.

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