Russia Mobilizes Troops And Prepares “Sham” Referendums In Occupied Ukraine

OilPrice.com | Sep 21, 2022 at 3:45 AM
  • Four eastern Ukrainian regions under Russian occupation are set to hold rushed referendums to join the Russian Federation amid continued fighting.
  • A further escalation on the military and political front could lead to an escalation on the economic front as well, weeks before heating season begins in Europe.
  • The European Union is in a rush to source enough fossil fuels for the winter after Russia halted the Nord Stream 1 pipeline, an EU embargo on coal imports came into effect in August, and an embargo on crude oil is set to come into effect in December.