The West Rushes To Curb Russian Oil Revenue Without Increasing Prices ...Middle East

The United States, the EU, and G7 are already shunning and banning Russia’s oil in the wake of the Russian invasion of Ukraine. But the West has failed to limit the most significant contribution to Vladimir Putin’s war chest—oil revenues.     The U.S. and the EU, plus the G7 partners the UK, Canada, and Japan, are scrambling for solutions to their complex undertaking to reduce the amount of money flowing to Russia without sending international oil prices soaring to records.     Various mechanisms…

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