As Russia is in the process of removing contaminated oil from the Druzhba export pipeline, the real cost of damage to European refiners, time to remove tainted oil and restore exports as well as the effect on Russia’s status as an energy supplier, remains unclear.

“It’s really hard to tell what impact is going to have,” Alexei Kokin, a senior oil and gas analyst at UralSib Financial Corp in Moscow, told New Europe on 23 May. “There is not enough information at this point to say what the conse...


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