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18.07.25 - 14:00
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EU Rolls Out Toughest Oil Sanctions Yet On Russia In 18th Round (ZeroHedge)
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EU Rolls Out Toughest Oil Sanctions Yet On Russia In 18th Round
Brent crude futures rose earlier after the European Union approved its 18th round of sanctions against Russia over the war in Ukraine. However, with a multi-year track record of Western sanctions—and repeated predictions by their leaders that Moscow would collapse due to lost oil revenue—the question now is: What makes this package so different this time around?
EU foreign policy chief Kaja Kallas revealed the new sanctions package on Russia in a post on X, describing it as "one of the strongest sanctions packages against Russia to date."
According to Reuters, the new sanctions package will lower the G7's price cap for purchasing Russian crude oil to $47.60 per barrel. The current cap is $60, making this a significant discount. Bloomberg reported that the new cap will range between $45 and $50, and will be automatically revised twice a year based on market prices.
The sanctions package didn't stop with a revi...
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18.07.25 - 13:24
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BP agrees to sell US onshore wind business as it shifts back to oil (The Guardian)
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Company to sell business for undisclosed sum to LS Power as part of plan to offload $20bn in assetsBP has agreed a deal to sell off its onshore wind business in the US as the oil multinational turns its back on renewable energy after a failed attempt to go green.The company said it would sell its share of 10 windfarms, which generate enough clean energy to power more than 500,000 US homes, to the New York-headquartered LS Power. Continue reading......
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18.07.25 - 13:01
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Russia Sanctions: EU Targets Oil & Banks, Stablecoin Bill Boosts Crypto | Bloomberg The Pulse 7/18 (Bloomberg)
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European Union states have approved a fresh sanctions package on Russia over its war against Ukraine including a revised oil price cap, new banking restrictions, and curbs on fuels made from Russian petroleum. The package, the bloc's 18th since Moscow's full scale invasion, will see about 20 more Russian banks cut off the international payments system SWIFT and face a full transaction ban, as well as restrictions imposed on Russian petroleum refined in third countries. A large oil refinery in India, part-owned by Russia's state-run oil company, Rosneft, was also blacklisted.
Today's guests: Eelco Heinen, Dutch Finance Minister, Matheus Dibo, Goldman Sachs Private Wealth Management Investment Strategy Group Managing Director, Marcus Garvey, Macquarie Head of Commodities Strategy, Sanusha Naidu, Institute for Global Dialogue Senior Research Fellow (Source: Bloomberg)...
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18.07.25 - 12:48
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Ringen um sauberes Gold (FAZ)
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Als kleines Institut hat die Pax-Bank für Kirche und Caritas schon Einfluss genommen auf Standards im Umweltschutz. Nun will sie den Goldabbau nachhaltig verändern....
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