Tag: sanctions on Russia
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WHY DID RUSSIA STOPPED OIL FROM REACHING POLAND?
European leaders say natural gas contracts spell out payment in euros or dollars and that can’t be suddenly changed by one side. Poland has taken long-term steps to insulate itself from a cutoff, such as building an import terminal for liquefied gas that comes by ship, and had planned to cancel its import deal with…
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SANCTIONS ON RUSSIA CAUSE HIGH PETROLEUM PRICES
Against that backdrop of steadily rising prices, Russia’s war in Ukraine has caused a rapid 20%-plus spike in oil and gas prices in mere weeks. Benchmark U.S. crude oil rose $3.31 to $109.33 a barrel March 11, while Brent crude rose $3.34 to $112.67 a barrel. President Biden on March 8 announced a U.S. ban…
The Prince 