The EU’s planned embargo goes beyond the borders of Europe, media reports The European Union is seeking to go beyond an import ban on Russian crude as part of its new sanctions package, Bloomberg reported on Wednesday. It said that Brussels plans to target insurers to undermine Moscow’s ability to ship oil anywhere in the world. According to officials and a draft document seen by the outlet, the bloc is proposing banning European vessels and companies from providing services, including insurance, linked to the transportation of Russian oil and products globally. Without this insurance, Russia and its customers wou
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