EU embargo on Russian oil products kicks in ...News

The measure is entering force along with a Western price cap on Moscow’s refined petroleum products The EU has placed an embargo on Russian refined oil products, including diesel. The measure came into force on Sunday, February 5, and provides for a 55-day grace period for the fuel loaded on tankers before this date. The ban follows previously introduced embargos on Russian coal and crude oil, and is aimed at further lowering the bloc’s reliance on Russian energy and slashing Moscow’s profits from energy exports. The embargo has reignited warnings of diesel supply disruptions and price spikes across the bloc. The

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