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“Europe can live without Russian oil and coal reserves, but significant logistical issues will have to be addressed to mitigate the impact of such a scenario,” said Simone Tagliapietra, a researcher at Bruegel and one of the authors of the study. “International coordination, namely between Europe, the United States and major oil and coal-producing countries, will be crucial to ensure orderly management of the situation.”

This post Europe can endure painful transition to life without Russian oil

was original published at “https://www.bloombergquint.com/markets/europe-can-endure-painful-transition-to-live-without-russian-oil”