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Russia Bans Oil Exports to Countries Observing Price Cap as German Activists Protest Coal Revival

HeadlineDec 28, 2022

The Kremlin has banned oil sales to any country that adheres to a $60-per-barrel price cap on maritime imports of Russian crude imposed earlier this month by the G7. The EU and others have imposed their own bans on such imports, but the cap affects third parties that use G7 and European Union vessels and companies.

Meanwhile, climate activists in Germany have been staging protests to call out their government’s revival of coal burning to make up for the loss of Russian gas previously supplied by the Nord Stream 1 pipeline.

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