New Package Of Russian Sanctions Approved, Including Oil Cap
October 06 2022
European Union ambassadors have approved a new round of sanctions against Russia, including a price cap on the maritime trade of Russian oil, reports Euronews (Lyon, France).
The measures would prevent E.U.-based insurance and shipping firms from doing business with Russian companies that do not adhere to the cap.
The decision will provide a legal basis for the oil price cap proposed by the G7 countries. The G7 will now have to determine the price range for the cap and other...
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