Tag: oil sanctions
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Trump’s Call for New Sanctions on Russian Oil via NATO
Introduction Donald Trump has recently made headlines with his bold call for NATO to impose new sanctions on Russian oil imports. In a post on Truth Social, he addressed NATO countries and the world, advocating for a unified approach to counter Russian aggression. This article will explore Trump’s proposal, its implications for global oil markets,…
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Japan Lowers Oil Price Cap on Russia Amid Sanctions
Japan’s New Sanction Strategy Against Russia In a significant move aimed at increasing pressure on Russia amid its ongoing invasion of Ukraine, Japan has decided to lower the price cap on Russian crude oil. The new ceiling is set at $47.6 per barrel, a notable decrease from the previous limit of $60 per barrel. This…