00:00As the war in the Middle East sends oil prices soaring, Russia is once again driving a wedge between the
00:07European Union and the United States.
00:10President Donald Trump has suggested suspending US sanctions on foreign oil in an attempt to bring down global prices, reassure
00:19panicked investors and contain the fallout from the war he launched.
00:23Trump did not name the countries that will benefit from the relief, but this could include Russia.
00:28The European Commission believes that pressure must continue to be exerted on Moscow.
00:34Indeed, the current oil and gas price spike may provide windfall revenues for Russia, so that's why it's important to
00:45strictly enforce the G7 price cap,
00:50because the opposite would be self-defeating.
00:55It would reinforce Russia's capacity to wage war, undermining Ukraine, undermining our support for Ukraine.
01:04Russia ended 2025 with a 18% year-on-year drop in revenues from crude oil sales, according to the
01:13Center for Research on Energy and Clean Air.
01:15In early February, the European Commission unveiled a new package of sanctions with a full ban on maritime services,
01:23such as insurance, banking and shipping for Russian crude tankers.
01:27Russia's
01:28Russia
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