Biden admin imposes harsh sanctions on Russian oil industry to cut off funding for Ukraine war effort
5 days, 11 hours ago

Biden admin imposes harsh sanctions on Russian oil industry to cut off funding for Ukraine war effort

CNN  

CNN — The Biden administration on Friday targeted Russia’s energy sector, including its oil industry, with some of its harshest sanctions to date meant to cut off funding for Moscow’s war against Ukraine. “These sanctions, in addition to the actions we’ve taken over the last several weeks, help put Ukraine in a position in which they have the ability to work with the incoming administration to try and find a just peace,” a second senior administration official said. The first senior administration official acknowledged “it’s entirely up to” the Trump team “to determine whether, when and on what terms they might lift any sanctions we’ve put into place.” Moreover, the strength of the sanctions will depend largely on enforcement, with one official noting that “we have to match every circumvention with a countermeasure, and that will take political will.” “Russia is going to make every effort to circumvent these sanctions. “During much of this war, global supplies were tight and at risk of falling short of demand,” the first senior administration official explained, noting that would have likely increased revenues to Russia “while raising prices at the gas pump for families in the United States and across the world.” Now, the official said, both oil markets and the US economy “are in a fundamentally better place.” The United States is producing more oil than any nation in world history, forcing OPEC to dial back supply.

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History of this topic

US slaps Russian oil industry with toughest sanctions yet, UK joins bid
4 days, 3 hours ago

US slaps Russian oil industry with toughest sanctions yet, UK joins bid

Firstpost  

The US Treasury announced on Friday that some of the measures will be turned into a law which would effectively mean that if the incoming Trump administration decides to overturn them, they would have to seek the approval of the Congress A worker checks the valve of an oil pipe at an oil field owned by Bashneft company near Nikolo-Berezovka. …

Joe Biden: ‘Putin is in tough shape’ and must not be given breathing room to continue aggression
4 days, 9 hours ago

Joe Biden: ‘Putin is in tough shape’ and must not be given breathing room to continue aggression

Live Mint  

Following the imposition of broad sanctions by Washington and London on Moscow's energy sector for its invasion of Ukraine, US President Joe Biden declared on Friday that Russian President Vladimir Putin was in "tough shape." "Putin is in tough shape right now, and I think it's really important that he not have any breathing room to continue to do the …

US and UK will target Russia’s energy sector with new sanctions as Biden prepares to leave office
Trending News
4 days, 18 hours ago

US and UK will target Russia’s energy sector with new sanctions as Biden prepares to leave office

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Separately, the State Department will also block “two active liquefied natural gas projects, a …

US, UK unveil new sanctions on Russia's energy sector; Zelenskyy hails the move
4 days, 18 hours ago

US, UK unveil new sanctions on Russia's energy sector; Zelenskyy hails the move

Firstpost  

More than 180 oil-carrying vessels that are suspected to be part of a shadow fleet utilised by the Kremlin to evade oil sanctions as well as traders, oil field service firms and Russian energy officials are also targeted by the new sanctions. Days before outgoing President Joe Biden leaves office, The United States and Britain on Friday announced sanctions against …

Biden imposes biggest sanctions on Russia, hits oil and gas revenues amid ongoing war with Ukraine
4 days, 18 hours ago

Biden imposes biggest sanctions on Russia, hits oil and gas revenues amid ongoing war with Ukraine

Live Mint  

The Biden administration on Friday imposed its broadest package of sanctions yet targeting Russia's oil and gas revenues in an attempt to give Kyiv and the incoming administration of Donald Trump leverage to reach a deal for peace in Ukraine. The measures are "the most significant sanctions yet against the Russian energy sector, the largest source of revenue for the …

Biden levies new sanctions against Russian energy sector. Will Trump undo them?
5 days, 11 hours ago

Biden levies new sanctions against Russian energy sector. Will Trump undo them?

LA Times  

People carry an injured woman to an ambulance after a Russian airstrike in Zaporizhzhia, Ukraine. President Biden’s administration announced Friday that it’s expanding sanctions against Russia’s critically important energy sector, unveiling a new effort to pressure Moscow over its nearly three-year-old war in Ukraine as President-elect Donald Trump gets set to return to office vowing to quickly end the conflict. …

Biden admin imposes harsh sanctions on Russian oil industry to cut off funding for Ukraine war effort
5 days, 11 hours ago

Biden admin imposes harsh sanctions on Russian oil industry to cut off funding for Ukraine war effort

CNN  

CNN — The Biden administration on Friday targeted Russia’s energy sector, including its oil industry, with some of its harshest sanctions to date meant to cut off funding for Moscow’s war against Ukraine. “These sanctions, in addition to the actions we’ve taken over the last several weeks, help put Ukraine in a position in which they have the ability to …

Oil prices down on US fuel stocks build, dollar strength
6 days, 14 hours ago

Oil prices down on US fuel stocks build, dollar strength

Live Mint  

By Nicole Jao NEW YORK -Oil prices fell more than 1% on Wednesday as a stronger dollar and large builds in U.S. fuel inventories last week pressured prices, reversing earlier gains driven by tightening supplies from Russia and other OPEC members. Gasoline stocks rose by 6.3 million barrels last week to 237.7 million barrels, compared with analysts' expectations in a …

To Shorten the War in Ukraine, Tighten Oil Sanctions for Real
1 week, 5 days ago

To Shorten the War in Ukraine, Tighten Oil Sanctions for Real

Live Mint  

-- As Bloomberg News has reported, President Joe Biden is considering ramping up sanctions on Russia before he leaves office, hoping to pressure Russian President Vladimir Putin ahead of possible talks to end the war in Ukraine. Outside of greater military support, it would be hard to send a more powerful message of resolve than to squeeze the oil and …

Mint Quick Edit | Don’t queer the pitch: Biden mustn’t fire a fresh salvo
1 month ago

Mint Quick Edit | Don’t queer the pitch: Biden mustn’t fire a fresh salvo

Live Mint  

Even as the world waits to see if Donald Trump’s presidency of the US will be able to dissipate war clouds and plumes of bomb smoke, President Joe Biden’s administration seems bent on firing fresh salvos at the fag end of its tenure. The White House is reportedly mulling harsher sanctions against Russia’s oil industry that could potentially target buyers …

US Considers New Russia Oil Sanctions to Weaken Putin Ahead of Trump
1 month ago

US Considers New Russia Oil Sanctions to Weaken Putin Ahead of Trump

Deccan Chronicle  

The Biden administration is weighing new, harsher sanctions against Russia’s lucrative oil trade, seeking to tighten the squeeze on the Kremlin’s war machine just weeks before Donald Trump returns to the White House.Details of the possible new measures were still being worked out, but President Joe Biden’s team was considering restrictions that might target some Russian oil exports, according to …

Oil settles down on strong US supply, losses capped by Ukraine escalation
1 month, 3 weeks ago

Oil settles down on strong US supply, losses capped by Ukraine escalation

Live Mint  

By Georgina McCartney HOUSTON -Oil prices settled lower on Wednesday after U.S. crude and gasoline stocks rose by more than expected last week, but losses were capped by worries about the intensifying war between major oil producer Russia and Ukraine. Weak demand in the world's largest crude importer continued, with Chinese stimulus announcements failing to boost oil demand growth in …

As Russia steps up attacks on Ukraine, crude oil prices start rising
1 month, 4 weeks ago

As Russia steps up attacks on Ukraine, crude oil prices start rising

Firstpost  

Oil prices have risen amid escalating Russia-Ukraine tensions, which had been tempered by concerns over weak demand in China and a projected global oil surplus Oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend, although concerns about fuel demand in China, the world’s second-largest consumer, and forecasts of a global oil surplus weighed …

How Trump set the Biden administration up for an economic disaster with a 2020 bargain
4 months ago

How Trump set the Biden administration up for an economic disaster with a 2020 bargain

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Plunging oil prices were on track to devastate the energy economy of Texas — …

US has not asked India to reduce Russian oil imports: Officials
9 months, 1 week ago

US has not asked India to reduce Russian oil imports: Officials

Hindustan Times  

NEW DELHI: The US has not asked India to reduce its imports of Russian oil and the price cap and sanctions regime imposed by the G7 are aimed at squeezing Moscow’s profits from crude sales and impeding its ability to finance the war in Ukraine, two US officials said on Thursday. Russian oil is priced above $60 a barrel The …

What can Russia do to sell its unwanted oil?
10 months, 1 week ago

What can Russia do to sell its unwanted oil?

Hindustan Times  

ON FEBRUARY 22ND, two days before Russia invaded Ukraine, a German-flagged vessel left the Russian port of Primorsk loaded with 33,000 tonnes of oil. On March 24th the volume of Russian seaborne oil exports, at 2.3m barrels per day, was nearly 2m below the level on March 1st, reckons Kpler, a data firm. In May 2018 America imposed “maximum pressure” …

After EU, US slaps Russia with 500 new sanctions over Ukraine invasion and Navalny's death
10 months, 3 weeks ago

After EU, US slaps Russia with 500 new sanctions over Ukraine invasion and Navalny's death

Hindustan Times  

US President Joe Biden on Friday announced sanctions on more than 500 targets in Russia on the second anniversary of the Ukraine invasion, vowing sustained pressure to stop President Vladimir Putin's "war machine." Biden said that the more than 500 sanctions, expected to be unveiled later in the day, will target "individuals connected to Navalny's imprisonment as well as Russia's …

U.S. Piles New Sanctions On Russia For Ukraine War's 2nd Anniversary, Navalny's Death
10 months, 3 weeks ago

U.S. Piles New Sanctions On Russia For Ukraine War's 2nd Anniversary, Navalny's Death

Huff Post  

LOADING ERROR LOADING WASHINGTON — The United States and the European Union are piling new sanctions on Russia on the eve of the second anniversary of its invasion of Ukraine and in retaliation for the death of noted Kremlin critic Alexei Navalny last week in an Arctic penal colony. The U.S. Treasury Department plans Friday to impose more than 500 …

US and EU pile new sanctions on Russia for the Ukraine war’s 2nd anniversary and Navalny’s death
10 months, 3 weeks ago

US and EU pile new sanctions on Russia for the Ukraine war’s 2nd anniversary and Navalny’s death

Associated Press  

WASHINGTON — The United States and European Union on Friday heaped hundreds of new sanctions on Russia in connection with the second anniversary of its invasion of Ukraine and in retaliation for the death of noted Kremlin critic Alexei Navalny last week in an Arctic penal colony. The U.S. government imposed roughly 600 new sanctions on Russia and its war …

Biden announces over 500 new sanctions for Russia's war in Ukraine and Navalny death
10 months, 3 weeks ago

Biden announces over 500 new sanctions for Russia's war in Ukraine and Navalny death

NPR  

Biden announces over 500 new sanctions for Russia's war in Ukraine and Navalny death Enlarge this image toggle caption Sergey Guneev, Sputnik, Kremlin Pool Photo/AP Sergey Guneev, Sputnik, Kremlin Pool Photo/AP The United States is imposing sanctions on more than 500 targets connected to Russia's war machine and the death of Russian opposition leader Alexei Navalny, the government said Friday. …

U.S., EU add sanctions on Russia for Ukraine war, Navalny’s death
10 months, 3 weeks ago

U.S., EU add sanctions on Russia for Ukraine war, Navalny’s death

LA Times  

The United States and the European Union are piling new sanctions on Russia on the eve of the second anniversary of its invasion of Ukraine and in retaliation for the death of noted Kremlin critic Alexei Navalny last week in an Arctic penal colony. The 27-nation bloc also said that it was targeting scores of Russian officials, including “members of …

US vows ‘major sanctions’ on Russia over Alexei Navalny's death
10 months, 3 weeks ago

US vows ‘major sanctions’ on Russia over Alexei Navalny's death

Hindustan Times  

The White House says it is preparing additional “major sanctions” on Russia in response to opposition leader Alexei Navalny's death in an Arctic penal colony. National Security Adviser Jake Sullivan said the sanctions, on the eve of the two-year anniversary of Russia’s invasion of Ukraine, “will be a substantial package covering a range of different elements of the Russian defense …

Putin’s petrodollars dry up as Arab-Russian cartel loses its grip
11 months, 3 weeks ago

Putin’s petrodollars dry up as Arab-Russian cartel loses its grip

The Telegraph  

With Russian forces stuck in a stalemate on the frontlines in Ukraine, Vladimir Putin is facing a drain on the Kremlin coffers that threaten to sink his war machine. A combination of falling prices and Western sanctions are driving Putin’s revenues steadily down even though he is pumping more oil, the report says. “Russian oil exports rose by 500,000 barrels …

US sanctions UAE shipping firm for transporting Russian crude oil above USD60 per barrel price cap
11 months, 4 weeks ago

US sanctions UAE shipping firm for transporting Russian crude oil above USD60 per barrel price cap

India TV News  

Washington: The US on Thursday hit a United Arab Emirates shipping firm with sanctions after it transported Russian crude oil above the $60 per barrel price cap. This is the Treasury's first oil price cap enforcement action of 2024 — imposed on Hennesea Holdings Limited and its 18 vessels that the US Treasury now considers blocked property. Price cap The …

U.S. imposes more Russian oil price cap sanctions and issues new compliance rules for shippers
1 year ago

U.S. imposes more Russian oil price cap sanctions and issues new compliance rules for shippers

Associated Press  

WASHINGTON — The U.S. imposed new sanctions on alleged violators of a $60 per barrel price cap on Russian oil and tightened compliance rules for insurance firms and shippers, Wednesday. Also sanctioned were Hong Kong-based Covart Energy, which has increased its share of the trade of Russian oil since the price cap policy was implemented, and Hong Kong-based Bellatrix Energy. …

Sanctions on Russian oil have failed. Were they ever meant to succeed?
1 year ago

Sanctions on Russian oil have failed. Were they ever meant to succeed?

Al Jazeera  

Last December, the European Union banned imports of Russian crude oil in a bid to starve the Russian war machine into submission over its invasion of Ukraine. Sanction-proof tankers Anticipating this, the EU, along with the G7, last year placed a $60-per-barrel price cap on Russian oil sold to third parties. “It’s basically a sanction-proof tanker.” Western protection-and-indemnity-insured tankers dropped …

How Russia games oil sanctions for big profits
1 year, 2 months ago

How Russia games oil sanctions for big profits

Live Mint  

The latest evidence: Oil and gas tax revenue to the Russian budget in October more than doubled from September and rose by more than a quarter from the same month last year, according to data released Friday. The price cap, imposed last December, was supposed to achieve twin goals: ensure the flow of Russia’s crude on world markets, thus keeping …

A price cap on Russian oil aims to starve Putin of cash. But it’s largely been untested. Until now
1 year, 2 months ago

A price cap on Russian oil aims to starve Putin of cash. But it’s largely been untested. Until now

Associated Press  

FRANKFURT, Germany — For months after Ukraine’s Western allies limited sales of Russian oil to $60 per barrel, the price cap was still largely symbolic. Russia’s benchmark oil — often exported with Western ships required to obey sanctions — has traded above the price cap since mid-July, pumping hundreds of millions of dollars a day into the Kremlin’s war chest. …

Opinion: Putin is using high oil prices to test support for Ukraine. Congress’ dysfunction plays right into his hands
1 year, 3 months ago

Opinion: Putin is using high oil prices to test support for Ukraine. Congress’ dysfunction plays right into his hands

LA Times  

Wars are won and lost on battlefields. The price cap on Russian oil, pioneered by Treasury Secretary Janet Yellen and introduced by a G-7-led coalition in late 2022, was designed to reduce those revenues while keeping Russian oil on the market to hold world prices in check. The maritime tollbooth could then charge all Russian oil shipments the difference between …

Oil Prices Surge as Saudi Arabia and Russia Extend Global Production Cut
1 year, 4 months ago

Oil Prices Surge as Saudi Arabia and Russia Extend Global Production Cut

News 18  

Saudi Arabia and Russia agreed Tuesday to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting energy prices. Bob McNally, the founder and president of the Washington-based Rapidan Energy Group and a former White House energy adviser, said Saudi Arabia and Russia had “demonstrated …

Oil and natural gas prices rise after weekend of turmoil in Russia
1 year, 6 months ago

Oil and natural gas prices rise after weekend of turmoil in Russia

CNN  

Hong Kong/London CNN — Oil and natural gas prices climbed Monday, while wheat prices briefly spiked higher, as investors reacted to the weekend’s brief and chaotic insurrection in Russia. “Given that the short-lived event this weekend in Russia appears to have ended, we do not expect to see such a significant increase in oil prices,” analysts at Rystad Energy wrote …

US says price caps on Russia’s oil are cutting revenue nearly in half and weakening its economy
1 year, 6 months ago

US says price caps on Russia’s oil are cutting revenue nearly in half and weakening its economy

Associated Press  

WASHINGTON — A top Treasury Department official said Thursday that the cap on the price of Russia’s oil is severely curtailing its greatest source of revenue as it wages war in Ukraine. When the United States and other economic powers in the Group of Seven, along with the European Union and Australia, last year announced an ambitious plan to cap …

Here come more sanctions: How effective are they are stopping Russia’s invasion of Ukraine?
1 year, 7 months ago

Here come more sanctions: How effective are they are stopping Russia’s invasion of Ukraine?

Associated Press  

WASHINGTON — The U.S. and other Group of Seven nations rolled out a new wave of global sanctions against Russia over its invasion of Ukraine as they met Friday during a summit in Japan. Treasury Secretary Janet Yellen said the newest sanctions will tighten the grip on Russian President Vladimir Putin’s “ability to wage his barbaric invasion and will advance …

Russia’s oil exports are back to pre-war levels
1 year, 9 months ago

Russia’s oil exports are back to pre-war levels

CNN  

London CNN — Russia’s oil exports have bounced back to levels last seen before it invaded Ukraine, despite a barrage of Western sanctions. Moscow’s exports of crude oil and oil products rose in March to their highest level since April 2020, jumping by 600,000 barrels a day, the International Energy Agency said in its monthly oil report Friday. The IEA …

Explained | Why is Japan circumventing sanctions on Russian oil?
1 year, 9 months ago

Explained | Why is Japan circumventing sanctions on Russian oil?

The Hindu  

The story so far: Japan has been purchasing oil from Russia at a price above the $60 per barrel price cap imposed by the West, according to reports this week. However, Japan’s decision to purchase oil above the price cap once again brings to the fore the strong incentives facing countries to subvert the West’s $60 per barrel price cap. …

Oil market surges on shock output cuts
1 year, 9 months ago

Oil market surges on shock output cuts

Firstpost  

London: World oil prices soared Monday after several top producers led by Saudi Arabia sprang surprise output cuts despite already angering the United States with a similar move last year. ‘Revive geopolitical tensions’ Sunday’s decision is “in reality” aimed at pushing prices higher but could have a political impact too, senior analyst Ipek Ozkardeskaya at Swissquote Bank said. Green said …

OPEC+ cuts put $100/bbl oil back in sight
1 year, 9 months ago

OPEC+ cuts put $100/bbl oil back in sight

Live Mint  

Surprise new cuts to the OPEC+ group's output targets could push oil prices towards $100 a barrel, setting the scene for another clash with the West grappling with higher interest rates, analysts and traders said on Monday. "The U.S. administration may also argue that higher oil prices will counter its efforts to put out the inflation fire," he added. "Producing …

Oil prices surge as Saudi Arabia leads shock production cuts
1 year, 9 months ago

Oil prices surge as Saudi Arabia leads shock production cuts

The Independent  

✕ Close Related video For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Oil …

Oil prices surge as Saudi Arabia and other OPEC nations slash production
1 year, 9 months ago

Oil prices surge as Saudi Arabia and other OPEC nations slash production

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Saudi Arabia and other major …

Saudis, other oil giants announce surprise production cuts
1 year, 9 months ago

Saudis, other oil giants announce surprise production cuts

Associated Press  

DUBAI, United Arab Emirates — Saudi Arabia and other major oil producers on Sunday announced surprise cuts totaling up to 1.15 million barrels per day from May until the end of the year, a move that could raise prices worldwide. Even though the production cut is only about 1% of the roughly 100 million barrels of oil the world uses …

Russia’s economy holds up, but growing challenges test Putin
1 year, 10 months ago

Russia’s economy holds up, but growing challenges test Putin

Associated Press  

Western sanctions have hit Russian banks, wealthy individuals and technology imports. Economists say sanctions on Russian fossil fuels only now taking full effect — such as a price cap on oil — should eat into earnings that fund the military’s attacks on Ukraine. “We have had even worse periods of time in history, and we coped,” he said, but added …

Fragmented and uncertain: How the oil market has changed a year after the Russia-Ukraine war
1 year, 10 months ago

Fragmented and uncertain: How the oil market has changed a year after the Russia-Ukraine war

Firstpost  

Houston: A year after Russia’s invasion of Ukraine, the oil market has become more fragmented and uncertain, a dynamic expected to boost crude prices over the long term. The oil market “is radically different in some ways than it was before the invasion of Ukraine,” said Jim Burkhard, head of research for oil markets, energy and mobility at S&P Global …

‘We don’t and won't': Russia's unequivocal message to West on oil price cap
1 year, 10 months ago

‘We don’t and won't': Russia's unequivocal message to West on oil price cap

Hindustan Times  

The Kremlin said on Tuesday that it did not recognise the price cap introduced by Western countries on its oil exports, after the United States said that the cap was "working well". Washington was one of the key architects of the Western price cap on Russian oil, which aims to drive down Moscow's revenues used to fund its invasion of …

Russian Economy in Good Shape Despite Sanctions, Says US Treasury Secy Yellen
1 year, 10 months ago

Russian Economy in Good Shape Despite Sanctions, Says US Treasury Secy Yellen

News 18  

US treasury secretary Janet Yellen on Thursday said the US wants to see more effective and tougher sanctions on Russia during a meeting of G20 finance ministers and central bank governors under India’s presidency in Bengaluru. “While by some measures the Russian economy has held up better than might initially have been expected, Russia’s now running a significant budget deficit.,” …

How China and India’s appetite for oil and gas kept Russia afloat
1 year, 10 months ago

How China and India’s appetite for oil and gas kept Russia afloat

Al Jazeera  

Despite Western-led sanctions aimed at punishing Russia over its war in Ukraine, growing demand for Russian energy imports has helped keep the country’s besieged economy afloat. China and India, both of which have declined to condemn Russia or impose sanctions over the war, became the biggest buyers of Russian crude oil last year as Western countries restricted imports and imposed …

Spill over of macroeconomic tightening of major economies, debt overhang need to be addressed: Janet Yellen
1 year, 10 months ago

Spill over of macroeconomic tightening of major economies, debt overhang need to be addressed: Janet Yellen

Live Mint  

War, debt and economics are set to dominate G20 leaders’ discussions over the next two days. US Treasury Secretary Janet Yellen on Thursday flagged the need for tackling challenges like the spill over effects of macroeconomic tightening in major economies to the rest of the world and the debt distress in vulnerable countries like Zambia and Sri Lanka, ahead of …

Russia announces cut to oil output over Western price caps
1 year, 11 months ago

Russia announces cut to oil output over Western price caps

Associated Press  

MOSCOW — Russia announced Friday that will cut oil production by 500,000 barrels per day next month after Western countries capped the price of its crude over its action in Ukraine. “As of today, we fully sell all our crude output, but as we stated before, we will not sell oil to those who directly or indirectly adhere to the …

Russia to Slash Crude Oil Output in Retaliation for Western Price Cap
1 year, 11 months ago

Russia to Slash Crude Oil Output in Retaliation for Western Price Cap

News 18  

Russia announced Friday it will slash crude oil output by five percent next month after Western countries imposed a price cap over the Ukraine conflict. International crude prices surged after Deputy Prime Minister Alexander Novak said that Russia would “voluntarily” reduce production by 500,000 barrels per day in March. There are two price cap levels, $100 per barrel for more …

Vladimir Putin’s plans to freeze Europe melt away with warm weather, as his economy withstands bracing winds
1 year, 11 months ago

Vladimir Putin’s plans to freeze Europe melt away with warm weather, as his economy withstands bracing winds

ABC  

While Europe's record-breaking temperatures have been causing alarm among climate scientists, officials in the Kremlin may be equally dismayed. Europe's energy crisis Photo shows The words "No Money for Murderers, Stop the Oil and Gas Trade" are projected onto the wall of the Russian consulate in Germany. "What the oil price cap has done is place restrictions on Russia through …

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