GLOBE
Crude Oil Jumps Three Percent on Russian Sanctions News
Russia is the third largest crude producer in the world, behind the U.S. and Saudi Arabia, accounting for 11% of global oil production last year.
oil
GLOBE
EU Phasing Out Russian Oil and Gas by 2028
Separately, the EU is negotiating a new package of sanctions against Russia that would ban LNG imports one year earlier, from January 2027.
