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Trade diversion has helped ease the impact of the embargo on Russian oil
Abstract: Much has been made about the effect of Russia’s invasion of Ukraine on the price of oil. However, the price of oil was already drifting upward well before the invasion in late February 2022.
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https://www.dallasfed.org/research/economics/2023/0221
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Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2023-02-21