A rise in global oil prices could offset Moscow’s export losses, energy expert Amos Hochstein has warned
New US sanctions on Russian oil producers could end up benefiting Moscow by driving up global energy prices, a former White House energy adviser has said.
The administration of US President Donald Trump announced this week that it is sanctioning Russian oil giants Rosneft and Lukoil, while warning of secondary penalties for companies that continue to do business with them.
Amos Hochstein, who previously served as senior energy policy adviser under former President Joe Biden, told The Financial Times that the move might not have the intended…
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