Tag Archives: EU Russia oil sanctions

Decoding the EU’s New Russia Oil Sanctions: Price Caps, Shadow Fleets, and Global Impact

An oil barrel, representing Russian oil, is locked by a heavy chain and a padlock with an EU flag, symbolizing the EU's oil price cap sanctions.

Decoding the EU’s New Russia Oil Sanctions: Price Caps, Shadow Fleets, and Global Impact The intricate dance between the European Union and Russia over energy has entered a new, more aggressive phase. Historically one of Russia’s largest energy customers , the EU’s relationship with Moscow generated substantial revenue for the Kremlin, with Russia supplying approximately […]