A new proposed agreement for sanctions against Russian oil could draw more countries in by allowing an exception for pipelines, but it may be too weak for some.
Hermitage Capital CEO Bill Browder praises Zelenskyy’s call to introduce maximum sanctions on Russian oil and trade at the World Economic Forum in Davos.
European Union members are nearing a deal on sanctions against Russian oil, but EU officials may not sign off on it due to an exception for pipeline deliveries, according to a new report.called for a "complete ban" of all Russian oil imports, but a new draft would temporarily allow oil to come through pipelines.
E.ON, Europe's largest operator of energy networks, rejected demands to shut down the Nord Stream 1 gas pipeline as part of sanctions against Russia for invading Ukraine, the company told Rheinische Post newspaper on Monday. An EU diplomat told the outlet that they hope "to have a political deal today." Still, it is up to EU leaders to agree and then the Council of the EU to approve it.
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