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Reuters
Reuters
Business
Pavel Polityuk and Carlos Barria

Russia warns on oil import ban as little progress is made at Ukraine talks

Local residents cross a destroyed bridge as they evacuate from the town of Irpin, after days of heavy shelling on the only escape route used by locals, while Russian troops advance towards the capital, in Irpin, near Kyiv, Ukraine March 7, 2022. REUTERS/Carlos Barria

A Western ban on Russian oil imports may more than double the price to $300 a barrel and prompt the closure of the main gas pipeline to Germany, Moscow warned on Monday, as talks on Ukraine hardly advanced amid efforts to agree on civilian safe passage.

Russia's invasion, the biggest attack on a European state since World War Two, has created 1.7 million refugees, a raft of sanctions on Moscow, and fears of wider conflict in the West unthought-of for decades.

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