Russia ramps up diesel supplies to Turkey, Africa ahead of EU embargo
The European Union has agreed a full ban on Russian oil product imports from Feb. 5 in an attempt to cut Russia’s revenues for its role in the military conflict with Ukraine. The Group of Seven (G7) coalition is also planning to impose price caps on Russian fuel. Russia will divert its supplies to Asia, Africa and Latin America, and would rather cut oil production than agree to a price cap, Russian Deputy Prime Minister Alexander Novak said in December. Diesel supplies from Russian ports to Turkey have been growing ...
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