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Bloomberg explained why new sanctions against the Russian Federation are now needed – UNIAN
It is noted that the “oil” blow at the moment will bring the most problems to Moscow.
Falling oil prices and a looming period of oversupply could create the perfect opportunity to tighten sanctions against the Russian Federation. The move could actually reduce the Kremlin's military holdings.
Bloomberg oil market analyst Julian Lee writes that the existing price cap mechanism, which did not actually cut Moscow's oil revenues, was introduced at the insistence of the US administration, concerned that a real blow to Russian exports would lead to a sharp rise in prices. Now this no longer causes the same concern that it did two years ago when this…
