Russia's oil export earnings have increased, enabling it to buy more weapons for its war. Despite the price cap set by the G7 and EU, Russia has found ways to bypass the policy and continue shipping its oil.
Russia 's oil export earnings have increased, allowing it to purchase more weapons for its war. The G7 and EU implemented a price cap of $60 per barrel on Russia 's oil to lower its revenues and reduce its income.
However, Russia has found ways to bypass this policy by shipping its oil with non-G7 insurance and using old vessels. This tactic has resulted in half of its oil exports being shipped this way.
Russia Oil Export Earnings Weapons Price Cap G7 EU Shipping Bypass
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