The new economic sanctions applied to Russia by the European Union and the G7 have entered into force
The new economic sanctions applied by the European Union and the G7 foresee capping the price at which Russia exports oil, as well as the European embargo on Russian oil imported by sea, reports Rador.
These measures aim to reduce Russia's revenues, which it uses to finance its war machine. Although there are experts who fear a destabilization of the world market, Brussels' decision includes a reserve margin so that Moscow is not forced to stop its exports. Appreciated by Ukraine, the capping is rejected by Russia, which claims that it will sell oil only to countries that do not limit its price. On Sunday, the Organization of the Petroleum Producing Countries decided to maintain production levels, appreciating that it is too early to assess the impact of the new anti-Russian sanctions.
