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Conceived in mid-2022 and imposed last December, the price cap on Russia’s seaborne petroleum exports aimed to limit Moscow’s oil revenue while softening the blow on the global economy from sanctions enacted after Russia’s invasion of Ukraine. It prohibits firms based in the EU and G7 countries...
Updated regulations are set to free up about 90% of pre-ban seaborne volumes for export
On October 6, the Russian government passed a number of new systemic policies for maintaining stability on the fuel market
The companies emphasized the importance of strategic cooperation and continuation of comprehensive interaction in the area of energy transportation
Since the beginning of February, there have been reports about the Ukrainian armed forces shelling the Druzhba oil pipeline and its infrastructure