Category: embargo

EU Formally Approves Embargo on Russia Oil

June 3, 2022
Business & Economycommoditiescrisiseconomic policieseconomyembargoEUEuropeMarketsOilRussiaRussia-Ukraine WarUkraineWorld
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BRUSSELS—The European Union on Friday formally approved an embargo on Russian oil and other sanctions targeting major banks and broadcasters over Moscow’s war on Ukraine. EU headquarters says Russian crude oil will be phased out over six months, and other refined petroleum products over eight months. It says that “a temporary exception is foreseen” for…

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Oil Prices Rally After Germany Drops Opposition to Russian Oil Embargo

April 28, 2022
Business & EconomyeconomyembargoEuropeGermanyMarketsOilRussiaRussia-Ukraine WarWorld
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Oil prices rose on Thursday in the Federal Republic of Germany, as the German government has signaled its willingness to join the other EU members in an embargo of Russian oil exports. On Thursday, Brent Crude futures rose by $2.27 to a total of $107.59 per barrel, whereas U.S. West Texas Intermediate crude rose by $3.34 to $105.36 per…

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Cuban Immigrant Criticizes BLM for Solidarity With Cuban Regime: ‘They Think They Are Going to Be Spared’

July 20, 2021
AmericasBLMCubaembargoPoliticsSocial IssuesUSUS NewsWorld
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Following the historic protests against communism in Cuba, Black Lives Matter (BLM) demanded the Biden administration end the embargo they say is “costing the tiny island nation an estimated $130 billion.” But according to a man who escaped Cuba as a child: “We need to send them weapons.” “Who is BLM?” Maximo Alvarez asked The…

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