Western countries dodging Russian oil ban – report ...News

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Western countries dodging Russian oil ban – report
The EU and G7 have found a loophole to bypass their own restrictions, research has claimed Western states that have banned direct purchases of Russian oil are now buying it indirectly from third countries, a report from the Centre for Research on Energy and Clean Air (CREA) claimed on Wednesday.  In December, the EU, G7, and allied countries imposed an embargo and a $60-per-barrel price cap on Russian oil. Similar restrictions were introduced in February for exports of Russian petroleum products.   While the so-called ‘price cap coalition’ cracked down on crude imports, it has increased purchases of refined produc

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