The next round of EU sanctions against Russia aims to close loopholes and crack down on circumvention and could target companies and countries that help Russia acquire sanctioned goods. An … Read More
Three months after the idea was first floated, plans by the European Union to invest frozen Russian assets to generate revenues to fund Ukraine’s reconstruction appear stalled. The proposal is … Read More
The European Union has introduced a ban on imports of refined oil products from Russia on Sunday, stepping up its economic fight against the Kremlin. According to Lauri Myllyvirta, a lead … Read More
Russia, the world’s largest exporter of oil, is losing an estimated €160 million per day due to the combined impact of the European Union’s far-reaching oil embargo and the G7’s … Read More
European Union countries are nearing a deal to cap the maritime trade of Russian crude oil at $60 per barrel, building upon an initiative by the Group of Seven (G7) to … Read More
The European Union has hit an impasse over a proposed price cap on Russian crude oil, despite a key deadline drawing near and US pressure looming large. Following several rounds of … Read More
As the war in Ukraine nears its eighth month with no resolution in sight, Western countries are stepping up efforts to strip Russia of its largest source of income: oil. … Read More
The European Union has approved new sanctions against Russia, including a price cap on Russian crude oil and refined products. It comes in direct response to the illegal annexation of … Read More
Russia’s economy is “degrading slowly but surely” amid “more and more biting” sanctions, EU chief Ursula von der Leyen has told Euronews. “We see that the sanctions are more and … Read More
