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Desperately Avoiding the Inevitable

Monday, April 18, 2022

European Union’s plan to embargo Russia again rises world oil prices. The increase in fuel prices is a bet for Pertamina’s finance.

arsip tempo : 173055775068.

Desperately Avoiding the Inevitable. tempo : 173055775068.

THE Indonesian government is cornered by oil prices. Russia’s invasion of Ukraine, still with no end in sight, makes oil prices keep jolting. After going down to US$98 per barrel at the start of the week, Brent oil prices, which are the international benchmark, once again jumped to above US$111 on Friday, April 15. 

Oil export revenue is a crucial ‘ammunition’ for Russia to finance its war. Russia is the third-larges

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Yopie Hidayat

Indonesia Oil Russia Ukraine European Union
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