Europe on February 5 imposed a ban on Russian diesel fuel and other refined oil products, slashing energy dependency on Moscow and seeking to further crimp the Kremlin's fossil-fuel earnings as punishment for invading Ukraine. The ban comes along with a price cap agreed by the G7 democracies. The goal is to reduce the profits funding Moscow's budget and war. Europe has already banned Russian coal and most crude oil, while Moscow has cut off most shipments of natural gas. To read the original story by AP, click here.
European Ban On Russian Diesel, Other Oil Products Takes Effect
Europe has already banned Russian coal and most crude oil, while Moscow has cut off most shipments of natural gas.