(Reuters) – Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow’s invasion of Ukraine, but the European Union remains divided. So far, the bloc’s 27 members have been unable to agree on an embargo, with Germany warning against hasty steps that could push the economy into recession, and, some countries, such as Hungary, opposing any bans. An EU embargo would require unanimous approval from all 27 member states. Many buyers in Europe have shunned Russian crude voluntarily to avoid reputational damage or possible legal difficulty. …

Read More