Posts Tagged ‘Western Europe’
Russia may cut off oil flow to the West
Photo courtesy Rein Nomm, (see more at http://nomm.com/)By Ambrose Evans-Pritchard, Daily Telegraph UK, Last Updated: 4:02pm BST 29/08/2008 Fears are mounting that Russia may restrict oil deliveries to Western Europe over coming days, in response to the threat of EU sanctions and Nato naval actions in the Black Sea. Any such move would be a dramatic escalation of the Georgia crisis and play havoc with the oil markets.