The European Union’s embargo on Russian oil transported by ship and the price cap decided by the EU, the G7 countries (Canada, France, Germany, Italy, Japan, the United Kingdom and the United States) and Australia have resulted in a daily loss of €160 million for Russia, the Centre for Research on Energy and Clean Air (CREA), a research organisation, said in a note published on Wednesday 11 January.
According to the document, these measures, which have been in force since 5 December...