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It Is Difficult For Europe To Completely Embargo Russian Oil At This Stage


According to the "Wall Street Journal", citing diplomats, more and more countries within the European Union support a ban on Russian oil purchases. However, some countries such as Germany are only willing to consider gradually reducing imports when the situation in Ukraine deteriorates, and should first try to reduce their over-reliance on Russian energy. Obviously, it is difficult for Europe to balance the economic impact of sanctions against Russian oil at this stage. It is believed that until a new energy alternative is found, it will be difficult for Europe to completely embargo Russian oil.
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