Hardly. Despite suggestive headlines. Perhaps the EU isn’t as insane as had been suspected? Perhaps? https://www.scotsman.com/news/world/russian-oil-sanctions-eu-leaders-agree-to-ban-90-of-russian-oil-by-year-end-3715065 The embargo covers Russian oil brought in by sea, allowing a temporary exemption for imports delivered by pipeline. Ursula Von der Leyen, the head of the EU’s executive branch, said the punitive move will “effectively cut around 90% of […]
Tag: Pipelines
https://oilprice.com/Energy/Energy-General/Geopolitics-Takes-A-Back-Seat-As-Biden-Drops-Sanctions-On-Venezuela.html When Biden sent a delegation to Caracas in early March, rumors began to circulate that the U.S. was considering reopening relations with Venezuela as oil prices soared. Now, after a period of silence from Washington on the subject, it appears that the U.S. is going to ease its sanctions on the Latin American oil […]
Truthfully, I can’t say with any certainty. Highly doubt anyone really can. But, we can share some thoughts on the subject, right? Seems to me the US and friends want to ( would like to) increase sanctions against Russia using the mechanism provided by the nominally (but not really) independent SWIFT. That is one possibility […]