EU Struggles to Tighten Russia Sanctions Net

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  • The EU has yet to approve an 11th package of sanctions against Russia, with Greece and Hungary reportedly resisting moves to tighten trade restrictions.
  • Spain is pushing for new measures that would stop companies from smuggling Russian oil products to southern Europe from Turkey and North Africa.
  • Washington and Brussels are seen as having little inclination to adjust the current $60 per barrel price cap on Russian crude exports.

The Issue

Sanctions, Policy and Regulation
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