Crude oil price: Europe will take a year to make alternative arrangements if Russia stops oil: Russian Minister

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International Desk :

 Russia-Ukraine war has not improved much.  A Ukrainian representative who took part in the talks claimed that no significant progress had been made in managing the exit of civilians from Ukraine since the third Russia-Ukraine meeting in Belarus.

 The standard for crude oil is Brent crude oil, which rose one percent overnight from  124 to  139 a barrel.  On Monday, US Secretary of State Anthony Blinken said the United States and its European allies were considering imposing sanctions on Russian oil imports.  After that, the price of crude oil continues to rise.
 Earlier in 2006, crude oil prices rose sharply.  It is feared that the re-emergence of this situation will have an impact on the Indian market.

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