As the European Union is considering ways to toughen up the sanction enforcement on Russia ’s oil exports , Denmark could be asked to stop and check paperwork for oil tankers carrying Russia n crude through the Danish straits. The EU is currently mulling over ways to enforce stricter checks on the shipments of Russia n crude oil , almost all of which is now trading above the $60 per barrel price cap set by the G7 and the EU at the end of last year.
Under the price cap mechanism, Russian crude oil shipments to third countries are allowed to use Western insurance and financing only if cargoes are sold at or below the $60-a-barrel ceiling. The measure took effect at the end of 2022 when the EU imposed an embargo on imports of Russian crude oil. “Almost None” Of Russia’s Oil Is Sold Below The Price Cap In recent weeks, U.S. and EU officials have grown increasingly concerned that Russia is selling nearly all of its crude above the price ca
Source: Digital Coin News (digitalcoinnews.net)
EU Sanctions Russia Oil Exports Denmark Crude Oil Price Cap
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