EU considering dropping ban on EU tankers moving Russian oil – report

  • EU’s new round of sanctions include oil ban but still missing agreement on investment in oil infrastructure, sale of property to Russians in Cyprus
  • Considers more funds for oil infrastructure in eastern Europe in bid to get a deal

The bottom line here is that a deal is getting closer. That said, Russia’s real problem is transport. There are buyers for its oil all over the world and if they can get more tankers in ports, then they can continue to export.

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