G7 Oil Price Cap at the Heart of New Sanction Debate ...Middle East

When the European Commission started briefing EU states last month on the next sanctions package expected to be imposed on Russia, the 27 member nations expected concrete written proposals to follow. They're still waiting. Normally these sorts of documents -- in this case the potential 18th round of restrictive measures since the Kremlin’s full-scale invasion of Ukraine was launched more three years ago -- are provided only a few days after the briefings, or “confessionals” as they are known in Brussels. The documents outline…

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