EU Tightens Russian Oil Cap, But Loopholes Undermine Impact Authored by Cyrill Widdershoven via OilPrice.com, EU launches its 18th sanctions package, lowering Russia’s oil price cap to around $47.60/barrel and targeting the energy sector more aggressively. Loopholes remain widespread, with Greek-owned tankers helping transport Russian oil, and non-OECD nations like China and India continuing to import above the cap. Without stronger enforcement, including naval oversight and EU unity, sanctions risk being symbolic rather than impactful. The ongoing push by EU countries to target Russia’s primary revenue source—oil and gas exports—has received a significant boost. With its 18th sanctions package, the… — Continue at ZeroHedge News : Read More
