Where will Europe buy oil after ban on Russian imports?

An embargo on Russian oil will send living costs higher while doing little to stop Putin’s war machine, reports Ben Chapman

Higher fuel prices will in turn put pressure on the prices of other goods, as transport and energy costs rise (PA)

The EU has announced plans to ban all Russian crude oil along with refined products such as petrol and diesel over the next nine months, dramatically ramping up western efforts to financially squeeze Vladimir Putin and end Europe’s dependence on Russian energy.

However, experts are sceptical that an embargo will be effective in depriving Putin of the funds he needs to fight a protracted and bloody war in Ukraine.

They warn that it will be very difficult to stop Russian oil from entering the EU, and that the Kremlin will still be free to sell oil to much of the rest of the world.