Sanctions against Russian oil could threaten the global economy

31.10 23:47 | Category Economics

Le Monde stated that Western sanctions against Russian oil are losing their effectiveness every day, and their strengthening could undermine the global economy.

According to the newspaper, interruptions in oil supplies amid sanctions could lead to a sharp rise in food prices. Experts believe that sanctions could work if “the majority of oil transport insurance companies were located in the West.”

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