A surge in Russian oil prices could pose a major test of Western sanctions designed to stem Moscow’s fossil-fuel income after its invasion of Ukraine WSJWhatsNow
U.S.-led sanctions designed to throttle Moscow’s fossil-fuel income face a new challenge: a big jump in the price Russia gets for its oil.
Booming demand in India and China has pushed the price of Urals crude, Russia’s main grade of oil, up to about $55 a barrel from a daily low of $35 in January, according to commodities-data firm Argus Media. The rally contrasts with aContinue reading your article with
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