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The EU's Latest Russia Sanctions Package
From robinjbrooks.substack.com
The EU unveiled its latest sanctions package on Russia last week. This didn’t receive much press coverage - presumably because it’s the 20th such package and fatigue has set in - but the measures announced signal an important change in approach that’s worth discussing. That’s what I’m going to do in today’s post. Up until this package, the EU had focused on sanctioning as many shadow fleet oil tankers as possible. The goal was to shut down this fleet and force Russia to switch back to using Western-owned oil tankers. That would improve enforcement of the G7 oil price cap, which the shadow fleet was ... (full story)