Tag: embargo
Oil prices rise as Russian embargo kicks in – BBC News
Oil prices have risen after a new cap on the price of Russian crude, agreed by the G7 group of major economies, came into force. The cap at $60 a barrel is to “prevent Russia from profiting from its war of aggression against Ukraine”. It will stop any Russian crude sold for more than that price from being shipped using G7 and EU tankers, insurance…
EU blocked by one member state from agreeing on Russian oil embargo
European Union foreign ministers are still trying to reach an agreement on a Russian oil embargo. But as they negotiate a new round of sanctions – the sixth since the war in Ukraine began – one EU member is blocking further action. Al Jazeera’s James Bays reports from Brussels where the ministers’ meeting has been met with angry protests. – Follow us on Twitter: https://twitter.com/AJEnglish/…
Zelenskyy calls for embargo on Russia's oil exports
Ukraine president Volodymyr Zelenskyy called for an oil embargo against Russia on Monday, but how much would an embargo actually hurt Russia?