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Revealing that the very nations criticizing India are themselves indulging in trade with Russia, says India on Trump’s tariff remarks. This situation is, to put it mildly, complicated, and it’s easy to see why the comments on tariffs and trade with Russia are raising eyebrows. The core of the issue is this: India is facing criticism, particularly from Western nations, for its continued trade with Russia, yet these very same critics are, in various ways, also involved in economic exchanges with Moscow. It’s a classic case of “do as I say, not as I do,” and it’s understandable why India is pointing this out.… Continue reading
The European Union recently approved its 18th sanctions package against Russia, described as one of the strongest to date, in response to the ongoing aggression in Ukraine. Key components of the package include lowering the price cap on Russian oil, targeting Russia’s “shadow fleet,” and imposing restrictions on the Russian banking system and Nord Stream gas pipelines. Additionally, the sanctions extend to the Russian defense and finance sectors, entities involved in indoctrinating Ukrainian children, and tighten restrictions on oil product imports via third-party countries. President Zelensky and other European leaders have welcomed the decision, emphasizing the importance of applying pressure to Russia.
Most G7 members are reportedly prepared to lower the price cap on Russian oil, even without the United States’ participation. This decision reflects a growing divergence between the US and its allies on how to best pressure Russia, a shift seemingly spurred by the US’s increasing inward focus and perceived disengagement from global affairs.
This move suggests a willingness by European nations to take the lead on this crucial aspect of the sanctions regime against Russia. The perceived reluctance of the US administration to fully engage on this issue is interpreted by some as a sign of its weakening influence on the world stage.… Continue reading
The European Union announced its 18th sanctions package against Russia, targeting its oil and gas revenue streams to further cripple its war effort in Ukraine. This package lowers the price cap on Russian oil exports to $45 per barrel and bans transactions with sanctioned Russian banks and financial institutions in third countries aiding sanctions evasion. The EU also proposes a ban on utilizing Russian energy infrastructure, specifically the Nord Stream pipelines. Despite potential opposition from member states, the sanctions aim to pressure Russia into peace negotiations, as its continued aggression demonstrates a lack of interest in diplomatic resolutions.
The EU announced a new, robust sanctions package against Russia, further impacting its already strained economy. This action, deemed necessary due to Russia’s continued aggression in Ukraine, aims to increase pressure for an end to the war. The sanctions, including a reduced oil price cap, were coordinated with the US and will be finalized before the end of the month. The package is expected to be swiftly adopted by EU member states ahead of a G7 summit, where the oil price cap will be further discussed.
The EU is considering an 18th sanctions package against Russia, including disconnecting over 20 banks from SWIFT, lowering the G7 oil price cap to ~$45 per barrel, and banning the Nord Stream pipelines. These measures, alongside approximately €2.5 billion in new trade restrictions, aim to further cripple Russia’s economy and limit its access to Western technology. While requiring unanimous approval from all 27 member states, the package reflects continued EU resolve despite previous criticism of insufficiently strong sanctions. The proposals are currently under review by the European Commission.
John Q. Hosedrinker 
Matt Underwood