How the EU Will Allow a Slight Increase in Russian Oil Exports
- Insurance ban is still coming and will restrict Russian trade
- The combined impact of the two measures remains unclear
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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.