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Europe's blocking of Russian oil exports would create a 'double shock'

PV Group - June 17, 2025 19:00

If the EU and the US go one step further and block oil routes through the Baltic Sea, Russia will face a serious physical blow to its export capacity. But the world will also be hit by a “double shock”: both Hormuz and the Baltic – the two most important energy gateways – risk being blocked at the same time.

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