EU leaves back door open for sanctioned Russian oil

India is expected to refine the sanctioned crude and send it back to the bloc as diesel India may substantially boost its exports of diesel fuel to the EU, refined from Russian oil targeted by Western sanctions, Bloomberg reported on Monday. The scheme wouldn’t breach the EU’s regulations, but it highlights the inefficiency inherent in the sanctions policy, the report notes. The EU ban on almost all imports of Russian oil products kicks in on February 5, coinciding with the implementation of a price cap on sea-borne crude shipped from the sanctioned country. The latest Ukraine-related penalties ban Western busines

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