- June 3, 2022
- Posted by: AliensFaith
- Category: OBJECTIVE PRESS
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The European Union formally adopted on Friday the sixth package of sanctions against Russia, which includes a ban on seaborne Russian oil imports and a ban on maritime insurance for Russian oil going to third countries, which the EU expects will make it very difficult for Russia to ship its oil to the rest of the world. For seaborne crude oil, spot market transactions and execution of existing contracts will be permitted for six months after the sanctions enter into force. For petroleum products, these will be permitted for eight months…
