Russian oil products sanctions and price cap
EU, allies look to strengthen Russian oil price cap, EU Commission says
The European Union and 12 partner countries have met in Brussels to discuss the effectiveness of Western sanctions on Russia and ways to strengthen the G7 price cap on Russian oil, the EU Commission said on Tuesday.
Russia Finds Loopholes in Western Oil Sanctions, Boosts Fleet to Evade Restrictions
A recent report by a group of Western insurers has shed light on Russia's ability to circumvent Western oil sanctions, revealing that measures aimed at capping Russian oil prices have proven ineffective and have inadvertently fueled a surge in gray zone activities.