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West will target Russian oil exports – Biden ...News
Washington and its allies are aiming to ban the insurance of Russian crude shipments, President Biden says US President Joe Biden said on Thursday at the NATO summit in Madrid that the West will apply an embargo on insuring ships transporting Russian oil to further pressure Moscow. “We and the West will not provide insurance to Russian ships for the transportation of oil, so they will have huge problems in delivering it to customers,” he said. In the event of an insurance ban, foreign companies will no longer be permitted to transport oil from Russia by sea, or to insure such shipments. Biden also expressed confid
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