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World Business Report: First broadcast 05/12/2023 22:32 GMT : One year on: are the oil sanctions against Russia working?

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One year on: are the oil sanctions against Russia working?

First broadcast 05/12/2023 22:32 GMT 

First broadcast 05/12/2023 22:32 GMT : One year on: are the oil sanctions against Russia working?

BBC World Service - World Business Report, One year on: are the oil sanctions against Russia working?

It is exactly a year since the EU and G7 introduced the price cap on Russian crude oil

It's exactly one year since the EU and G7 introduced sanctions to restrict Russian oil revenue to try to stop the money from fuelling the war in Ukraine.

It has been one year since G7 nations and the EU imposed a $60-per-barrel ceiling on Russian crude oil. Elina Ribakova, a senior fellow at the Peterson Institute for International Economics, warns that Russia is getting around the price cap by using a shadow fleet of tankers run by operators outside the western system.
 
Also on the programme, we find out why farmers in France will be protected against noise and smell complaints, and can cinema chains ban customers from sneaking snacks into the cinema?

(Picture: Oil pump on the background of of the Russian flag. Picture credit: Getty Images)

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First broadcast 05/12/2023 22:32 GMT : One year on: are the oil sanctions against Russia working?

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