The European Union’s ban on crude oil imports from Russia and its price cap on the country’s oil are costing Moscow about $172 million per day, a new report has found. Those losses could rise to roughly $300 million per day (280 million euros) on Feb. 5, when the EU is will be implementing further restrictions, according to the report, published by the Helsinki-based Centre for Research on Energy and Clean Air. “The EU ban on Russian oil was an extraordinary step taken to axe the funds from Europe financing Putin’s war,” the independent research organization said in a statement. At the same time, however, the authors described current measures as “too lenient” and called upon Wes
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