Russian Invasion of Ukraine (2022) – Page 74

EU Embargo of Russian Oil and G7’s Price Cap Take Effect

An immediate impact on oil supplies in Europe was not expected, partly because the embargo has been in the works for months.

By Stanley Reed

Economic Conditions and Trends International Relations Labor and Jobs Politics and Government Putin, Vladimir V Russia Russian Invasion of Ukraine (2022) Shutdowns (Institutional) Ukraine

Russia’s Economy Is Threatened by War and Sanctions

While Russia’s economy has not collapsed, an exodus of Western companies is eroding hard-won progress, and experts say the worst may be yet to come.

By Valerie Hopkins and Anatoly Kurmanaev

Embargoes and Sanctions European Union Group of Seven International Trade and World Market Oil (Petroleum) and Gasoline Russian Invasion of Ukraine (2022)

Ukraine’s Allies Agree on Russian Oil Price Cap

The plan to impose a top price of $60 a barrel on Russian crude will most likely make a small dent in the Kremlin’s revenue, but the White House hopes it will help avert an oil shock.

By Matina Stevis-Gridneff Jim Tankersley and Alan Rappeport

Embargoes and Sanctions European Union Group of Seven International Relations Oil (Petroleum) and Gasoline Prices (Fares, Fees and Rates) Russian Invasion of Ukraine (2022)

E.U. agrees on Russian oil price cap of $60 per barrel after fraught talks.

The price cap, devised by Group of 7 countries and their allies, aims to limit Russia’s revenue while averting a global oil shock.

By Matina Stevis-Gridneff Jim Tankersley and Alan Rappeport