economy
March 14, 2026
US de-facto admitted that Russian oil crucial for market stability
Kirill Dmitriev says that the abolishment of restrictions concerns about 100 million barrels of Russian oil
TL;DR
- The US has de-facto admitted that the global market cannot remain stable without Russian oil.
- This statement comes after the US decision to exempt Russian oil and derivatives loaded before March 12 from sanctions.
- The exemption applies to approximately 100 million barrels of Russian oil currently in transit.
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