Russia’s Wounded Economic system — How Unhealthy is it?

Last updated: 2023/04/23 at 12:16 AM

Editor 2 years ago

EXPERT PERSPECTIVE — The European Union has made its long-awaited choice to cap Russian crude oil at $60 per barrel and to forestall European firms from delivery Russian oil not lined by the value cap, to different international locations. The measures took impact on the similar time the EU imposed a brand new sanctions package deal outlawing a variety of maritime companies to Russia. A Kremlin spokesman described the EU actions as “a step towards destabilization of the world vitality markets.”

The EU strikes characterize the newest salvos within the Western marketing campaign to precise an financial worth for Russia’s aggression in opposition to Ukraine.

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