EU May Face Energy 'Price Explosion,' Supply Fall Over 8th Sanctions Package, Professor Says

EU May Face Energy 'Price Explosion,' Supply Fall Over 8th Sanctions Package, Professor Says

MOSCOW (Sputnik) – The EU may face energy “price explosion” as it is moving forward with setting price caps on Russian oil, while the restrictions are likely to fail as multiple supply chains will work to circumvent the sanctions leading to a possible derailment of supply, Damien Ernst, professor at the University of Liege in Brussels, said.

Sputnik News

South Africa Today – World News – Russia