Russian Diesel Banned By European Union

Oil and natural gas sales make up significant part of Russian government budget

  • Nearly one year after the Russian invasion of Ukraine, the U.S., the European Union, and other allies are making it harder for the Kremlin to finance its war.
  • On Sunday, the European Union put a ban on Russian diesel fuel and other refined products.
  • The Group of Seven (G7) countries recently agreed to a price cap of $100 per barrel of Russian diesel, jet fuel, and petrol.
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