Geopolitics

EU racing to agree a 21st package of sanctions by the end of next week; measures to target Russia’s oil revenues, banks and shadow fleet, POLITICO reports, citing sources

News detail

"Countries are pushing to lock in the current price, which would deprive Moscow of higher revenues due to increased oil prices. A full ban on Russian oil is unlikely to proceed, however, as is a proposed ban on maritime service" May target Russian energy firms Lukoil and Rosneft.

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