The European Union’s decision to cut 90% of its oil imports from Russia will accelerate a move already underway – that is Moscow trying to sell as much crude as it can to Asian buyers. Russia is likely to find China and India particularly willing, as the former reopen much of its economy from strict zero-COVID lockdowns and the latter seeks to lower its sky-high energy import bill. The EU agreed to end seaborne imports of crude from Russia, European Council President Charles Michel said in a tweet at the end of a two-day summit of the bloc’s 27 leaders. read more “This immediately covers more than 2/3 of oil imports from Russia, cutting a huge […]