Today news
About the same in other media
Russian Oil-Price Cap Adds to Fiscal Pressure on Moscow
Reading now: 831
Fresh Western curbs on Russian crude sales might not affect Moscow’s public coffers immediately, but they add financial pressure that threatens the country’s sanctions-stricken oil industry and long-term ability to fund the war in Ukraine.
Western countries on Monday imposed a price cap on international sales of Russian crude. The measures, aiming to strike at the Kremlin’s war chest, include a ban on seaborne shipments of Russian crude by the European Union and the U.K. The Group of Seven nations, meanwhile, put a ceiling on other sales by barring Western companies from insuring, financing or shipping Russian crude at above $60 a barrel.
Read more on wsj.comAbout this in other media
Ukraine war: '40-year-old' ammo, EU increases war kitty, 'suppression' of Russian opposition euronews.com /2 years ago
How Washington Persuaded Europe to Put a Price Cap on Russian Oil wsj.com /2 years ago
How Washington Persuaded Europe to Put a Price Cap on Russian Oil wsj.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
