BRUSSELS (AP) — Energy experts say the European Union’s decision to ban nearly all oil from Russia to punish the country for its invasion of Ukraine may be blunted by rising energy prices and other countries willing to buy some of the excess petroleum. European Union leaders agreed late Monday to cut around 90% of all Russian oil imports over the next six months — a dramatic move that was considered unthinkable just months ago. Analysts said the move was a blow to the Kremlin. But they noted that Russia still retained some European markets and could sell some of the oil previously bound to Europe to China, India and other customers in Asia.
High prices, Asian markets could blunt EU ban on Russian oil
