Daily Memo: EU Embargo on Russian Oil Takes Effect

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

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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 […]

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