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West warned against sanctioning Russian energy sector

If Western sanctions lead to Russia’s oil exports being completely cut off, the world can expect the international energy market to collapse, a senior figure at the American rating agency Fitch said on Tuesday. Speaking in an interview with Russian news agency TASS, Dmitry Marinchenko explained that the current spike …

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Ukraine crisis may hit vital global economy sector, UN says

Current tensions between Russia and Ukraine are expected to have a negative impact on global grain markets, as both countries are among the world’s largest grain producers.However, it’s currently difficult to assess the scale of potential damage as food prices depend on a range of factors, according to Monika Tothova, …

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US sanctions become blessing in disguise for Iran’s energy sector

Shortly after the US Department of Justice announced on Monday that two million barrels of impounded Iranian oil had been sold for $110 million, a pair of suspicious fires broke out affecting Iranian infrastructure. The first, striking the country’s biggest warship, the IRIS ‘Kharg’, eventually caused the vessel to sink …

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