Russia, India, China Would Benefit From EU Oil Embargo: Report

May 11, 2022 | EARNINGS

Last week, European Commission President Ursula von der Leyen proposed an EU-wide ban on Russian oil imports as part of a new, sixth package of sanctions against Moscow over its military operation in Ukraine. Hungarian Prime Minister Viktor Orban slammed the idea, saying it would be “tantamount to dropping a nuclear bomb on the Hungarian economy.”

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