Published by
Reuters UK
Reuters UK
(Reuters) – Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases, and the European Union plans to discuss such a ban this week, sending global oil prices higher. The 27-member EU bloc is divided over whether to impose a ban that can affect about 27% of its imports, with some of its landlocked refineries almost completely dependent on Russian crude supplies via pipelines. Germany, the EU’s top Russian crude buyer, and the Netherlands, a trading hub, have warned against hasty decisions that could raise energy prices further and leave some refinerie…