On Friday, the European Union accepted an 18th spherical of sanctions concentrating on Russia for its ongoing struggle in Ukraine, introducing new measures designed to additional cripple the nation’s oil and vitality sector.
In keeping with EU diplomats, the bloc will implement a floating worth cap on Russian crude oil set at 15% beneath its common market worth — an effort to strengthen the affect of the largely ineffective $60 cap imposed by the Group of Seven nations since December 2022. Thibault Franceschet and Simon Mortiz inform us extra.
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