SITUATION REPORT

Russia: Russia Is Still Selling Most of Its Oil Above the West's Price Cap

Nov 14, 2023 | 16:12 GMT

EU officials are holding discussions on reinforcing the West's $60 per barrel price cap on Russian oil exports, including by potentially increasing the enforcement mechanisms, over concerns that "almost none" of Russia's oil exports are being traded below the cap, the Financial Times reported on Nov. 13....

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