Economy

Russia's economy could spiral into a depression under an EU oil embargo. An energy analyst breaks down why Moscow won't be able to rely on China and India to fill the gap.


Germany’s announcement this week that it’s ready to stop buying Russian oil makes a sweeping European Union oil embargo much more likely — which would have devastating consequences for Moscow. “Russia’s economy is projected to contract by more than 10% already this year. If an EU embargo happens, it …

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