Ban On Russian Crude Could Be More Effective Than Predicted ...Middle East

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The enforcement of the price ceiling for Russian oil transported by sea enacted on December 5 is not a surprise, as this measure was being discussed by the Unites States and its key partners as early as September 2022. It is, nevertheless, important proof of the Western coalition’s undiminished resolve in undercutting Russia’s ability to sustain its all-out aggression against Ukraine. Commentators in Moscow had been keenly following the protracted debates in the European Union on the exact figure of this ceiling, hoping that it would…

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