EurOil - Europe Oil & Gas
Confusion is reining amongst analysts and energy traders over why Russian President Vladimir Putin has ordered gas export deals to all be settled in rubles on March 23. The main issue is Russia cutting itself off from earning dollars and euros.
Serbia has so far resisted calls from EU leaders to join western sanctions on Russia, though it has condemned the invasion of Ukraine.
Stopping purchases of Russian oil and gas is likely to be the fastest way to stop Putin’s war in Ukraine. It is also the most economically efficient one.