Russia Rejects EU Oil Price Limits
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Western sanctionsDPA International
•Business
Business & Economics
Kremlin shrugs off EU plans to lower oil price ceiling
66% Informative
EU aiming to reduce price ceiling from $ 60 per barrel to $ 45 , as part of efforts to tighten Western sanctions on Moscow .
Russia now sells most of its oil to China and India , maintaining revenue streams that help fund its war economy.
EU 's strategy is designed to apply financial pressure to the Kremlin , which relies heavily on raw material exports.
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69
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