The European Union will ban imports of the Russian oil product on which it relies for much of its diesel until February 5. “(The) next trigger point is February 5. Unless something dramatic happens geopolitically…we are in a stable position,” Jain said. Jain said that so far Indian companies are not facing any problem in […]
Some countries, including Poland, Lithuania and Estonia, have pushed for a much lower $30-per-barrel price cap, arguing that it is closer to Russia’s production costs and that Moscow needs to squeeze more revenue. But the US official’s comments, which signal growing concern over EU deliberations, come just five days before the European Union imposed sanctions […]