Daily Memo: EU Embargo on Russian Oil Takes Effect

The recently agreed oil price cap will also begin this week.

609

Embargo begins. The EU’s sixth package of sanctions on Russia, including an embargo on Russian oil imports, comes into force on Monday. The price on Russian oil imposed by the G-7, EU and Australia also goes into effect on Monday,  though Japan has decided to exclude oil imported from the Sakhalin-2 project from its cap […]

This article is for subscribers only

Join thousands of readers who rely on GPF for clear-eyed geopolitical analysis.

$89 per year Save 18% vs. monthly
Full access to all daily analysis & forecasts
George Friedman's geopolitical insights
2026 Forecast & Special Collection on the Middle East
100% reader-supported
Subscribe Now

30-day money-back guarantee


Already a subscriber? Log in

Geopolitical Futures
Geopolitical Futures (GPF) was founded in 2015 by George Friedman, international strategist and author of The Storm Before the Calm and The Next 100 Years. GPF is non-ideological, analyzes the world and forecasts the future using geopolitics: political, economic, military and geographic dimensions at the foundation of a nation.