EU proposes complete import ban on Russian oil

We are delighted to announce that an article authored by Jeetendra Prakash of the Investment Research team is featured in Energy Digital. It highlights the future of Russia’s energy sector, now sanctioned by the West. While the market continues to make opportunistic purchases, Russia’s supply will likely diminish gradually as the severity of sanctions intensifies. Apart from direct sanctions, the unwillingness of logistics, banking and insurance companies to transact with Russia’s energy sector would make it increasingly difficult to purchase Russian crude. The blog provides insights on the void left by the lack of Russian crude supplies and whether the market will manage to find an equilibrium.