NonilexRevenues from #FossilFuels form the core of #Russia's fiscal planning. As well as targeting Russia's #NaturalGas, the European Commission's 18th #sanctions package proposed lowering the cap on seaborne Russian #oil from $60 to $45.
The #EU measures, which also target Russian businesses & banking, requires the backing of all 27 members. The proposal on Russian oil would need the support of the #G7, which meets later this month.
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