Western sanctions against Russia, including the oil price cap, have largely been ineffective in significantly impacting Russia's oil revenues or overall economic health. Russia's economy has shown ...
BRUSSELS, May 19 (Reuters) - The EU will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on Russian seaborne oil as part of the new sanctions package against ...
The EU plans to propose a $50 per barrel cap (down from $60) to G7 finance ministers. Up to 700 underinsured, anonymously owned tankers are bypassing price caps via deceptive tactics. While Russian ...
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