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EU Plans More Sanctions Against Russia
OilPrice.com ^ | Sep 30, 2022 | Tsvetana Paraskova

Posted on 10/01/2022 11:30:49 AM PDT by BeauBo

The European Union is preparing the eighth round of sanctions against Russia as Moscow escalated its war in Ukraine by holding illegal referendums in four Ukrainian regions...

On Thursday, European Commission President Ursula von der Leyen presented the Commission’s proposals for the eighth package of sanctions in response to Russia’s escalation of the war in Ukraine.

“Today, in this package, here, we are laying the legal basis for this oil price cap,” von der Leyen said, commenting on the G7-led idea of banning Russian crude oil from imports by sea unless the oil is sold at or below a certain price the buyers expect to set.

The eighth package is planned to include further restrictions on trade with Russia.

A sanctions package would need unanimous approval by all 27 EU member states, but Hungary has said it would block new energy sanctions against Russia.

(Excerpt) Read more at oilprice.com ...


TOPICS:
KEYWORDS: angryputinstooges; babyitscoldinside; goodgoodneoconneds; itistolaugh; lolol; nyuknyuknyuk; tdaw; ttdaw; ukraine; youcantfixstupid; zotvatniks
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To: mac_truck
If the West is willing to destroy critical civilian infrastructure like the Nord stream pipelines, why wouldn't they attack Russian oil shipments not in compliance with the price caps?

That is a concern, however two can play at that game.

A Russian oil tanker is blown up at sea, so an American LNG Tanker blows up, ... in a Western European LNG Terminal, (there are 12).

Also, Maritime Insurance generally excludes Acts of War, so New Insurers won't have a problem with issuing policies.

We may see who's Bluffing, if anyone.

41 posted on 10/01/2022 6:19:03 PM PDT by Navy Patriot (Celebrate Decivilization)
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To: Kazan

“Russia is running a larger surplus to it Treasury than last year”

Was.


42 posted on 10/02/2022 1:03:57 AM PDT by BeauBo
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To: Kazan

Wow, just quoting Putin.

Mindless.

Soulless.

Doomed.


43 posted on 10/02/2022 1:17:29 AM PDT by BeauBo
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To: rktman

It won’t be ok, but it will not be dire.

Most countries except Germany and Bulgaria are off Russian gas. Germany will have a hit to its industry but not to warming its people.

Germany should have listened to trump and cut off Russian gas years ago.


44 posted on 10/02/2022 2:06:17 AM PDT by Cronos
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To: Kazan

The rouble is not the “top performing currency “ for the simple reason that it is practically not bring traded at all.


45 posted on 10/02/2022 2:07:19 AM PDT by Cronos
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