White House Plans New Sanctions On Russian Oil Exports ...Middle East

The Biden administration is set to announce today new sanctions on Russia targeting specifically its oil exports after multiple reports that Russian crude was selling at a significant premium to the G7 price cap of $60. CNN reported that the target of the new set of sanctions would be the so-called dark fleet of tankers carrying Russian crude around the world without going into details. The report cited an unnamed senior administration official who said these sanctions had been in the making for several months. The G7 and the European Union agreed…

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