Kremlin on US tariffs plans: Buyers will have to pay more or seek alternative suppliers
|The Kremlin said in a statement on Wednesday, “buyers will have to pay more or seek alternative suppliers” responding to the US proposal to levy tariffs on Russian oil.
US Treasury Secretary Janet Yellen said Tuesday, “the European Union could combine import tariffs on Russian oil with the phased oil embargo it is trying to put in place to shrink Russia’s energy revenues,” per Reuters.
Market reaction
WTI was last seen trading almost unchanged on the day at $110.80.
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