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Home News Foreign exchange Information EU Ambassadors Meet This Morning To Focus on RUS Sanctions – Incl Value Cap On Oil | Forexlive

Foreign exchange Information EU Ambassadors Meet This Morning To Focus on RUS Sanctions – Incl Value Cap On Oil | Forexlive

by Romain BRUNET
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Ryan Paisey - WatanNews

Ryan Paisey

Monday, 03/10/2022 | 05:37 GMT-0

03/10/2022 | 05:37 GMT-0

Politico Report

“EU ambassadors will meet this morning at 9 a.m. to debate the newest bundle of sanctions towards Russia, with the largest element being a value cap on Russian seaborne oil exports — a measure agreed in precept by the G7 group of superior economies that now must be put into motion.

Stress is mounting on the EU to ship on its promise of a quick and decided response to Moscow’s newest strikes, particularly after Russian President Vladimir Putin on Friday annexed 4 Ukrainian areas. Nonetheless, as six diplomats informed Playbook, numerous nations are nonetheless placing up roadblocks — Hungary, unsurprisingly, but additionally Cyprus, Greece and Malta, whose tanker fleets transport most Russian oil.”

Observe, the 9am given is Brussels time.

Additionally, this being the EU, be SHOCKED if agreements are made right now, and TBH, they’d be bonkers to make the choice throughout OPEC week.

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