EU’s Russian oil ban: What to expect for energy markets
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Article by:
David Keating - Energy Monitor
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Date Published:
June 23, 2022
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Who was cited:
Joshua Folds, Oil Analyst - FGE
As the European Commission’s proposal to ban imports of Russian oil languished during May, it became clear some kind of compromise would be necessary to overcome the objections of Hungary. Along with neighbours the Czech Republic and Slovakia, the government in Budapest insisted they were too dependent on Russian oil to consider an EU Russian oil ban.
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