National Security is Everyone's Business

April 30th, 2024 | 2:29 PM ET

Russia’s Wounded Economy — How Bad is it?

Posted: December 19th, 2022

By The Cipher Brief

EXPERT PERSPECTIVE — The European Union has made its long-awaited decision to cap Russian crude oil at $60 per barrel and to prevent European companies from shipping Russian oil not covered by the price cap, to other countries. The measures took effect at the same time the EU imposed a new sanctions package outlawing a range of maritime services to Russia. A Kremlin spokesman described the EU actions as “a step toward destabilization of the world energy markets.”

The EU moves represent the latest salvos in the Western campaign to exact an economic price for Russia’s aggression against Ukraine. 

“The Cipher Brief has become the most popular outlet for former intelligence officers; no media outlet is even a close second to The Cipher Brief in terms of the number of articles published by formers.” —Sept. 2018, Studies in Intelligence, Vol. 62

Access all of The Cipher Brief’s national security-focused expert insight by becoming a Cipher Brief Subscriber+ Member.

Subscriber+

Categorized as:Economic Energy Russia UkraineTagged with:

Related Articles

Search

Close