Ukraine Latest: Germany Says Won’t Block a Russian Oil Embargo
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Vice Chancellor Robert Habeck said Germany won’t block a possible oil embargo by the European Union against Moscow and the country could handle a complete energy cut-off. Oil is hovering around $106 a barrel.
Confronted by the need to rapidly unwind a dependence on Russian energy built up over decades, government officials across Europe are re-evaluating the extent of their economic and political ties to China.