EU oil ban will bite into Russia's budget and GDP

The EU's proposed ban on all oil imports will hit Russia's largest export-earning sector

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In this article

  • Oil revenues take a hit
  • Alternative markets
  • Central bank fears recession
  • Trade still in surplus

What is this?

This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.