European Commission President Ursula von der Leyen has announced a new round of sanctions targeting Russia over its invasion of Ukraine, including a total ban on oil imports from Russia by the end of 2022.
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International Economics: IB Economics
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A collection of articles relating to the 'international' elements of Economics and relating to IB, Pre-U and A-Level Economics.
Curated by
Graham Watson
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The EU is proposing to phase out Russian oil, and reduce the extent to which it can earn the revenues to fund the war in Ukraine.
It looks like the sanctions are being ratcheted up; however, doubts remain about the willingness of countries like Hungary and Slovakia, which are the most heavily dependent upon Russian oil, and there are thoughts that some sort of exemptions are likely.