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EU ban on Russian oil will have negative global economic impact: OECD

Russia's war in Ukraine is causing a significant negative effect on the global economy and is pushing inflation higher and for longer, Mathias Cormann, Secretary-General of the Organization for Economic Co-operation and Development (OECD), said yesterday in a CNN interview.

Tim Daiss
EU ban on Russian oil will have negative global economic impact: OECD

  The European Commission (EC) finally last week approved a ban on some 90% of Russian seaborne oil imports as part of a sixth wave of sanctions against the Kremlin over its invasion of Ukraine. The...

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