Russia uses Western sanctions to obtain excess profits from the sale of oil. Tax revenues from oil and gas to the Russian budget in October increased by more than 100% compared to September and more than 25% compared to October last year, reported the WSJ. This is a sharp turn... #RussianOil #RussianOilPriceLimit #RussianOilSanctions #RussiaProfits
Germany has increased the import of Russian oil through India by 1,100%. As Spiegel writes, against the backdrop of massive anti-Russian sanctions, Germany imports large volumes of Russian oil through India. Germany mainly imports oil from India, which is used to produce d... #circumventionOfSanctions #OilImport #OilIndia #RussianOil #RussianOilSanctions
The US State Department: Russian oil price cap is working effectively. State Department representative Eric van Nostrand said that the $60 per barrel price limit for purchasing Russian oil introduced by the G7 countries and their allies continues to work despite quotatio... #EricVanNostrand #RussianOil #RussianOilPriceLimit #RussianOilSanctions #SanctionsAgainstRussia
The EU has adopted the eleventh package of sanctions against Russia in response to the war against Ukraine. According to the new sanctions package, the EU will expand cooperation with third countries to prevent sanctions circumvention. If the efforts do not achieve the desired result, the European Council m... #circumventionOfSanctions #DruzhbaPipeline #RussianOil #RussianOilSanctions #SanctionsAgainstRussia
The EU is finalizing work on a new package of sanctions, including restrictions on the financial sector and drones. The European Commission has prepared a draft of the ninth package of sanctions against Russia that is expected to be approved on December 12 at the meeting of the heads of foreign affairs of the EU co... #EUsanctionsPackage #RussianOilSanctions #SanctionsAgainstRussia
The Russian oil price cap of $60 made both Ukraine and Russia furious. The Council of the EU has decided to set the maximum price for crude oil, oil products, and oil obtained from bituminous minerals originating in or exported from Russia at $60 per barrel starting Dece... #RussianOilPriceLimit #RussianOilSanctions #Zelenskyy
The US Congress will severely punish any attempt to circumvent oil sanctions against Russia. The WSJ writes that the US Congress is preparing a bipartisan proposal to strengthen the agreement on a price ceiling for Russian oil. It is noted that Senators Chris Van Hollen and Pat Toomey want to... #RussianOilPriceCeiling #RussianOilSanctions #SecondarySanctions
EU countries have slashed import of Russian crude oil. Russia’s seaborne crude exports to Europe are being diminished, with the bloc’s further sanctions only about two months away. Shipments in recent weeks have been little more than half pre-invasion lev... #EUoilImport #RussianCrudeOil #RussianOilSanctions
The G7 leaders have agreed on limiting the price of Russian oil. The leaders of the Group of Seven, met recently at a summit in Bavaria, Germany, and reached a unanimous consensus on the need to limit the price of Russian oil. Still, this mechanism needs to be work... #G7 #G7summit2022 #RussianAgression #RussianOilPriceLimit #RussianOilSanctions
President Zelenskyy, in the speech to EU leaders, asked for an agreement on the Russian oil ban. On May 30, Zelenskyy called on the EU to approve the sixth package of sanctions against Russia and stop depending on Russia in an address to the European Council. “Why do you depend on Russia and the... #EUmemberiship #EUsummit #RussianAgression #RussianOilSanctions #Zelenskyy
Russian oil companies have difficulties selling their products on the market. Zarubezhneft’s tender for the sale of six batches of Urals oil was unsuccessful, as none of the buyers responded to the offer. The total volume of oil offered for sale amounted to 600,000 tons ... #NobodyBuysRussianOil #RussianAgression #RussianOil #RussianOilSanctions
The US Congress is preparing a plan to block Russian oil and may approve $10B in aid to Ukraine. U.S. House Speaker Nancy Pelosi said Sunday that the House is studying legislation to ban Russian oil imports, and Congress intends to approve $10B in aid to Ukraine this week. “The House of Re... #RussianOil #RussianOilSanctions #UScongress #ussanctions
