MOSCOW, June 21 — RIA Novosti. World markets expect a «crazy hard» summer due to the introduction of a partial embargo on Russian oil by the European Union, informs Business Insider publication, citing analyst Victor Cato.
In his opinion, the only hope for a reduction in commodity prices will be «insanely» high interest rates on loans.
«The immediate effect of the coming years will be an extremely difficult and extremely stressful summer,» said Katona.
