Ukraine crisis will have ‘huge ramifications’ for oil prices in Ireland

Expert says Ireland facing a ‘worst case scenario’ in terms of the price of oil due to Russia’s actions in Ukraine

Putin last night ordered Russian troops to enter two Moscow-backed separatist territories. Picture: Getty/Tass

Escalating tensions between Russia and the West have “huge ramifications” for Ireland when it comes to the supply and price of oil and other energy sources, an expert has warned.

Vladimir Putin, the Russian president, last night ordered troops into two Moscow-backed separatist territories of Ukraine, ratcheting up the stakes in an ongoing dispute between Russia and Western leaders.

Ireland, a country heavily dependent on liquid fuel, is facing a “worst case scenario” for its ...