Western sanctions on Russian oil come into force ...News

Moscow has reiterated it will not sell oil to countries that support a price cap An EU embargo on seaborne Russian crude officially began on Monday. At the same time, the bloc and its allies have also imposed a $60 price cap on oil exports. The EU embargo was agreed in June, amid the sixth package of sanctions imposed on Moscow in connection with the conflict in Ukraine. The bloc is officially stopping seaborne oil imports from Russia starting on December 5, with the exception of Bulgaria. On-land deliveries via the Druzhba pipeline to Hungary, Slovakia, and the Czech Republic are also excluded. The move includes

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