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16 mayo, 2022

A Monetary Reset Where the Rich Don’t Own Everything

 

By Jorge LiboreiroEfi Koutsokostaand et al., May 09, 2022

Brussels’s proposal for a gradual EU-wide ban on Russian oil imports is sowing division, with Hungarian Prime Minister Viktor Orbán comparing the embargo to an economic “atomic bomb”. The main point of contention is the ambitious timeline envisioned by the European Commission: a phase-out of all Russian crude in six months and all refined oil products by the end of the year.

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