bearish

Crude Oil

Global Commodities: Oil glut paves way for stronger sanctions. If enforced

1.1k Views28 Oct 2025 14:14
Podcast
SUMMARY
  • US sanctions now target all four of Russia's largest oil companies, affecting 70% of production and exports
  • EU also imposes new sanctions on Russia's energy revenues
  • Russia shifts to alternative currencies for oil trade to evade US dollar restrictions, leading to higher transaction costs and reputational risks

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

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