ABU DHABI/WAM The Central Bank of the UAE (CBUAE) imposed varying financial sanctions amounting to ...
Read More »Europe’s ban on Russian oil has to be realistic now
The European Union (EU) is working toward a ban on imports of oil from Russia, as well as targeting the country’s wider trade through sanctions on shipping insurance. But it needs to realise that reducing Russia’s oil exports to zero is neither achievable nor desirable. Hungary, Slovakia and Croatia are already threatening the bloc’s unity over a proposal to phase ...
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