Russia President Putin says oil production linked to Strait of Hormuz risks coming to a complete halt as early as next month; changes in logistics for oil deliveries will take a long time and require significant expenditure
Importance
Level 1
- Logistics will shift towards more profitable markets.
- Russian companies need to take advantage of current situation.
- Will continue to supply energy resources to countries that are reliable partners.
- If European buyers suddenly decide to reorient themselves and provide them with long-term work without politics, Russia is ready.
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