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Moscow Brands EU Leaders “Madmen” Over Oil Ban
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Why This Matters
The European Union's plan to permanently ban Russian oil imports has been met with strong opposition from Moscow, with Foreign Ministry spokeswoman Maria Zakharova calling the proposal 'madness'. This move is likely to escalate tensions between Russia and the EU. The ban's impact on oil prices remains uncertain.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term
Article Context
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Russia is not amused. Moscow on Thursday blasted the European Union’s plan to permanently ban Russian oil imports, with Foreign Ministry spokeswoman Maria Zakharova calling the proposal madness and suggesting only a “madman” would even float the idea. The language was vintage Kremlin — theatrical, indignant, and aimed as much at European voters as at Brussels policymakers. The European Commission is preparing to submit a legal proposal on April 15 to make the ban permanent, according to EU officials and a document seen by…
Original article published by
OilPrice.com
on February 26, 2026.
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Analysis and insights provided by AnalystMarkets AI.