Europe readies its options to replace Russian crude

EU avoids sudden shocks of Russian oil embargo and oil price cap, but strong action is now required

Certainty: the tanker Ottoman Sincerity, which carries Kazakh crude, sails through the Bosphorus Straits near Istanbul, Turkey.
Certainty: the tanker Ottoman Sincerity, which carries Kazakh crude, sails through the Bosphorus Straits near Istanbul, Turkey.Photo: REUTERS/SCANPIX
Published 15 December 2022, 12:43Updated 15 December 2022, 12:43