Search posts by:

Search posts by:

Newsletter successfully sent
Failed to send newletter

AlwaysFree: Price Cap, Oil Embargo Are 'New Economic Shock' For Russia

Author: SSESSMENTS

According to Reuters article published on December 7, 2022, a Western price cap and a European Union embargo on Russian oil are a new economic shock that could significantly reduce Russia's economic activity in the coming months, central bank analysts said in a report on Wednesday.

The price cap on some Russian oil exports, to be enforced by the G7 nations, the European Union and Australia, comes on top of the EU's embargo on imports of Russian crude by sea and similar pledges by the United States, Canada, Japan and Britain.

Tags: AlwaysFree,Central and East Europe,Crude Oil,English,Europe,Russia and CIS

Published on December 8, 2022 4:53 PM (GMT+8)
Last Updated on December 8, 2022 4:53 PM (GMT+8)