Commodities & Energy

Reuters reveals how Russia clashes with Western oil buyers over new deals as sanctions loom

Reuters reveals how Russia clashes with Western oil buyers over new deals as sanctions loom

Russian energy majors are putting pressure on Western oil buyers to use euros instead of dollars for payments and introducing penalty clauses in contracts as Moscow seeks protection against possible new U.S. sanctions, Reuters exclusively reported. The development mirrors a similar stand-off between Western buyers and Russia’s top oil producer, Rosneft.


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