Now that the European Commission has decided to stop importing oil from Russia at least before the end of this year, pump prices will remain high for a while. According to energy specialist Hans van Cleef of ABN AMRO, they will even rise sharply. “But that does not make the sanctions counterproductive: they help us to be less dependent on Russia,” he tells NU.nl
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Oil price will remain high for a long time and even rise after sanctions package
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