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The costs of Russia’s invasion of Ukraine

Behind the Money

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The Impact of Russia's Invasion of Ukraine on the Oil Market

The impact of Russia's invasion of Ukraine on the oil market has been profound. EU sanctions have banned the import of Russian petroleum products into the region. Instead, Russia is sending its oil mainly to India and China who are paying a massive discount. Tom says he thinks it's unlikely to go back to the way things were anytime soon.

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