Vladimir Putin banned oil exports to countries that had imposed a price cap on Russian crude oil over the country’s invasion of Ukraine. See potential bias and similarities in coverage from business, DailyCaller and CNBC: Russia Oil
on Tuesday banning oil exports to countries that had imposed a price cap on Russian crude oil over the country’s invasion of Ukraine.Russia’s oil export ban is scheduled to last from February 1 to July 1. In early December, Australia, the G7, and the E.U.to a $60/barrel price cap on Russian oil.
Oil is currently trading at over $80/barrel, and many oil tankers are insured by companies based in G7 countries enforcing the price cap. However, much of Russia’s oil revenues since the invasion have come from China and India, which have not imposed Western countries’ price cap. Coverage was generally balanced and most common in business-focused outlets like
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