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The EU learns some hard energy lessons

While the EU will make disapproving noises about Indian refiners buying Russian oil and exporting the refined products to EU, it is unlikely to do anything more, simply because it benefits from the arrangement

The Ukraine-Russia conflict has been a rude awakening for the EU’s energy planners. It is not just about oil or gas – the EU has had to reassess its position regarding coal and lithium as well.

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