Sanctions on Russian Diesel Show Early Signs of Working
- Discount of Russian diesel edges wider as EU bans imports
- Final sale price of Russian fuel could be significantly higher
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With international sanctions on Russia’s diesel shipments now in place for more than two weeks, the early signs are that they are having at least some of the desired effect.
The Group of Seven and the European Union’s latest measures were essentially designed to do two things: cut Moscow’s revenue but keep the barrels coming.