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EU’s Russia Clampdown to Hit Third-Country Oil Refiners, Traders

Bloomberg•Friday, September 19, 2025 at 1:31:27 PM
PositiveFinancial Markets
EU’s Russia Clampdown to Hit Third-Country Oil Refiners, Traders
The European Union is set to implement new sanctions against Russia, aiming to significantly impact the global oil industry. This move is crucial as it seeks to limit the Kremlin's access to petrodollars, thereby increasing pressure on Russia amid ongoing geopolitical tensions. By targeting third-country oil refiners and traders, the EU is taking a strong stance that could reshape the dynamics of the oil market and contribute to broader efforts to hold Russia accountable for its actions.
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