Europeans Urged to Prepare for New Inflation, Price Shocks as EU Agrees to ‘Phase Out’ Russian Oil

"The European Union’s approval of a sixth package of sanctions against Russia, including the phase-out of Russian crude oil and petroleum products, has sparked a fierce debate between politicians, business leaders, economists and market experts about what’s more likely: the draining of Moscow’s “war chest” or Europe plunging into a recession complete with new energy price shocks and more inflation." Sputnik