EU lowers Russia oil cap and imposes new sanctions
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US President Donald Trump's reliance on tariffs rather than sanctions has been described as both the "world's worst bet" and "a powerful proven source of leverage" to protect the national interests of the United States.
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The European Union and Britain on Friday ramped up pressure on Russia over its war on Ukraine, targeting Moscow’s energy sector, shadow fleet of aging oil tankers and military intelligence service
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The European Union on Friday reached an agreement to impose its 18th round of sanctions against Russia over its war in Ukraine after Slovakia ended its protest.
Oil prices were little changed on Monday, held in check by expectations that the latest European sanctions will have minimal impact on Russian oil supplies.