Australia, Britain, Canada, and the United States have imposed outright bans on Russian oil purchases following Moscow’s invasion of Ukraine, but the European Union remains divided. The bloc’s 27 members have been unable to agree on an embargo, with Germany warning against hasty steps that could push the economy into recession, and, some countries, such as Hungary, opposing any bans. read more Germany, however, aims to phase out Russian oil imports by the end of this year, officials said, as does Poland. read more Many buyers in Europe are shunning Russian crude voluntarily to avoid reputational damage or possible legal difficulties. Russian oil product exports from the Black Sea port of Tuapse in March were just half of those planned, falling to 738,000 tonnes as European buyers stayed away. Meanwhile, India and China, which have refused to condemn Russia’s actions, continue to buy Russian crude. […]