Petroleum products may rise in cost by 20-30% in the next few months, now that the European Union has agreed on a price ceiling for Russian petroleum products, Russian financial analyst Vladislav Antonov told Izvestia. Previously, Europe bought petroleum products from Russia directly, but now it will have to do so via oil refineries in India, China, and other countries. The increase in logistical constraints will significantly affect the prices, Antonov pointed out.
Collapsing Imperial System Paid
Oil Price Cap Is Backfiring Against Europe
About the author
Latest articles
Related coverage
-
Collapsing Imperial System
Former Paraguayan President Peña, a Trump and Bibi Man, Is Ousted and Jailed
-
Collapsing Imperial System
South African Municipal Election: ANC’s Lost Hegemony Bodes Ill for BRICS
-
Collapsing Imperial System Paid
Merz Outs Himself As a Hayekian
-
Collapsing Imperial System
Pretoria Not Much Disturbed by AGOA Cut