Not really news, Boggart blog and our world news publication Boggart Abroad were reporting this over a year ago:
NATO Considers Stricter Sanctions As Russia Sidesteps Oil Price Cap
The European Union is considering toughening up the sanctions on evaders of the price cap on Russian oil, almost none of which now trades below the ceiling of $60 per barrel.The price cap mechanism set by the G7 and the EU says that Russian crude shipments to third countries can use Western insurance and financing if cargoes are sold at or below the $60-a-barrel ceiling …
Is Russia Selling Its Oil To The World Through An Obscure Egyptian Port?
As this blog predicted when NATO and EU member states shot themselves in the foot by reacting to Russia’s invasion of Ukraine with sanctions that prevented Russia from selling oil, gas and vital raw materials to the countries that needed them most, the NATO and EU member states, the Russians have had no problems finding alternative customers for their gas and oil and no problem getting oil into the world’s commodity markets through the back door.
New Cold War? Even If The War In Ukraine Ends, Sanctions Will Stay
Western leaders, desperate to show their own countries they were taking a firm stance on Russia’s invasion of Ukraine, were quick to impose economic sanctions … so quick in fact that they acted before they had though things through. While freezing Russia out of the global finance system they have exacerbated the wests energy crisis, while Russia’s retaliatory ban on raw materials (fertiliser) exports will create extra problems on top of those we already had …
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